TreeHouse Foods Acquires Protenergy Natural Foods
|Areas||Competition, Antitrust and Foreign Investment, Private Equity, Tax|
Goodmans represented Whitecastle Investments Limited, Whitecap Venture Partners and Protenergy Natural Foods (Protenergy) in connection with the acquisition by TreeHouse Foods, Inc. (TreeHouse) (NYSE: THS) of Protenergy, an industry leading developer and manufacturer of premium quality food and beverage products such as private label broth, soups and gravies from Whitecastle Investments Limited, Whitecap Venture Partners and others on May 30, 2014 for $170 million (approximately US$150 million) in cash.
TreeHouse is a food manufacturer based in Illinois, servicing primarily the retail grocery and foodservice channels. Toronto-based Whitecastle (through Whitecap Venture Partners, its venture capital partnership with Hobson Equities) provides capital and active operating assistance to early stage high growth companies.