TreeHouse Foods

Frontenac Portfolio Company, Crofter’s Organic, Appoints Tim Jax as CEO

Retrieved on: 
Thursday, February 1, 2024

Frontenac announced today that its portfolio company, Crofter’s Organic, the largest producer of organic jam, preserves, and spreads in North America, has appointed Tim Jax as CEO effective January 2, 2024.

Key Points: 
  • Frontenac announced today that its portfolio company, Crofter’s Organic, the largest producer of organic jam, preserves, and spreads in North America, has appointed Tim Jax as CEO effective January 2, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240201022481/en/
    Tim Jax, CEO of Crofter's Organic (Photo: Business Wire)
    Jax has nearly two decades of experience as a leader in the food sector.
  • Most recently he served as Vice President Marketing & Innovation at Pretzels, Inc a manufacturer of branded and private label pretzels.
  • Previously, Jax held several roles in brand management at ConAgra Brands and general management at Treehouse Foods.

John B. Sanfilippo & Son, Inc. Reports Fiscal 2024 Second Quarter Results

Retrieved on: 
Wednesday, January 31, 2024

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2024 second quarter ended December 28, 2023.

Key Points: 
  • John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2024 second quarter ended December 28, 2023.
  • The Lakeville Acquisition increased our quarterly sales volume by 11.6 million pounds, or 14.4% over the second quarter of fiscal 2023, and increased quarterly net sales by approximately $28.7 million, or 10.5% over the second quarter of fiscal 2023.
  • * Results include the impact of the acquisition of the TreeHouse Foods snack bar business (the “Lakeville Acquisition”) which was completed on September 29, 2023, the first day of our second fiscal quarter.
  • Net sales for the second quarter of fiscal 2024 increased $16.9 million, or 6.2%, to $291.2 million and included approximately $28.7 million of net sales from the Lakeville Acquisition.

ShipBob Adds First Independent Board Member, Former CEO of Grubhub, Adam DeWitt

Retrieved on: 
Thursday, February 1, 2024

CHICAGO, Feb. 1, 2024 /PRNewswire/ -- ShipBob, a leading global fulfillment and supply chain platform for SMB and Mid-Market ecommerce brands, today announced that Adam DeWitt has joined the ShipBob Board of Directors as its first independent member.

Key Points: 
  • CHICAGO, Feb. 1, 2024 /PRNewswire/ -- ShipBob, a leading global fulfillment and supply chain platform for SMB and Mid-Market ecommerce brands, today announced that Adam DeWitt has joined the ShipBob Board of Directors as its first independent member.
  • DeWitt brings years of public company executive and board experience to ShipBob, having helped startups and founder-led companies scale through rapid growth and maturation.
  • DeWitt most recently spent twelve years at Grubhub as CFO, then President and ultimately CEO.
  • "We are incredibly excited to welcome Adam DeWitt to the ShipBob Board of Directors.

GOLDEN STATE FOODS PROMOTES JUSTIN VANNOY TO CORPORATE SENIOR VICE PRESIDENT AND PRESIDENT, LIQUID PRODUCTS NORTH AMERICA, AND TRISHA MCROBERTS TO CORPORATE VICE PRESIDENT AND CHIEF PROCUREMENT OFFICER

Retrieved on: 
Wednesday, January 10, 2024

IRVINE, Calif., Jan. 10, 2024 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotions of Justin Vannoy to corporate senior vice president and president of Liquid Products North America (LPNA), and Trisha McRoberts to corporate vice president and chief procurement officer, effective this month.

Key Points: 
  • IRVINE, Calif., Jan. 10, 2024 /PRNewswire/ -- Golden State Foods (GSF), one of the largest diversified suppliers to the foodservice and retail industries, is pleased to announce the promotions of Justin Vannoy to corporate senior vice president and president of Liquid Products North America (LPNA), and Trisha McRoberts to corporate vice president and chief procurement officer, effective this month.
  • "Justin's high standards, his people-first approach, and his personal values make him a perfect fit for GSF," said GSF President and Chief Executive Officer Brian Dick.
  • "The improvements Justin has driven in LPNA have yielded great results with plenty of room to continue.
  • She also holds a graduate certificate in Supply Chain and Information Systems from The Pennsylvania State University (State College, Pennsylvania).

TreeHouse Foods Announces Webcast of Fourth Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, January 9, 2024

OAK BROOK, Ill., Jan. 9, 2024 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on Friday, February 16, 2024, at 8:30 a.m.

Key Points: 
  • OAK BROOK, Ill., Jan. 9, 2024 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on Friday, February 16, 2024, at 8:30 a.m.
  • ET to discuss the results for the fourth quarter and full year 2023 and its outlook for fiscal year 2024.
  • An earnings release will be issued before the market opens on the same date, and the accompanying slides will be posted on the Company's website at https://www.treehousefoods.com/investors/investor-overview .
  • A replay will also be available on the site following the call.

RAYDIA FOOD GROUP CREATED AS NEW HOLDING COMPANY FOR INDIANA-BASED FOODSERVICE DISTRIBUTOR STANZ-TROYER

Retrieved on: 
Tuesday, January 2, 2024

SOUTH BEND, Ind., Jan. 2, 2024 /PRNewswire/ -- Indiana's largest foodservice distribution holding company – Stanz-Troyer – announced today that it will now operate under a new unified brand name as Raydia Food Group.

Key Points: 
  • SOUTH BEND, Ind., Jan. 2, 2024 /PRNewswire/ -- Indiana's largest foodservice distribution holding company – Stanz-Troyer – announced today that it will now operate under a new unified brand name as Raydia Food Group.
  • "Raydia Food Group will now be the cohesive platform to help fuel growth for Stanz, Troyer's and other foodservice brands we may acquire" says Moe Alkemade, CEO and Board Member of Stanz-Troyer, who will become CEO of the new Raydia Food Group.
  • "The creation of Raydia Food Group is a strategic decision designed to fast track growth for our employees, investors, and customers.
  • Both Stanz and Troyer's will retain their unique brand equity, customers and long-term viability, but will now operate under Raydia Food Group, which has replaced the Stanz-Troyer holding company name.

Post Holdings Announces Plan to Close Lancaster, OH Facility

Retrieved on: 
Friday, December 1, 2023

ST. LOUIS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (“Post”), a consumer packaged goods holding company, announced plans to close its Post Consumer Brands cereal manufacturing facility in Lancaster, Ohio.

Key Points: 
  • ST. LOUIS, Dec. 01, 2023 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST) (“Post”), a consumer packaged goods holding company, announced plans to close its Post Consumer Brands cereal manufacturing facility in Lancaster, Ohio.
  • The Lancaster facility has approximately 200 employees and is expected to close by the end of September 2024.
  • This facility closure enables Post Consumer Brands to continue offering a diversified portfolio of great products at a great value.”
    The Lancaster facility has been part of the Post Consumer Brands business since June 2021, when Post acquired the TreeHouse Foods ready-to-eat cereal business.
  • Post Consumer Brands has engaged in discussions with the union representing employees at the Lancaster facility and has notified employees of the decision.

John B. Sanfilippo & Son, Inc. Reports First Quarter Fiscal 2024 Results

Retrieved on: 
Tuesday, October 31, 2023

John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2024 first quarter ended September 28, 2023.

Key Points: 
  • John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) (the “Company”) today announced financial results for its fiscal 2024 first quarter ended September 28, 2023.
  • “We completed the acquisition of the snack bars business from TreeHouse Foods at the beginning of our second quarter.
  • This acquisition complements our own internally developed nutrition bars program, which had sales exceeding $1.5 million in the first quarter.
  • Net sales for the first quarter of fiscal 2024 decreased 7.3% to $234.1 million due to a 7.3% decrease in sales volume, which is defined as pounds sold to customers.

TreeHouse Foods Announces Webcast of Third Quarter 2023 Earnings Conference Call

Retrieved on: 
Tuesday, October 3, 2023

OAK BROOK, Ill., Oct. 3, 2023 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on Monday, November 6, 2023, at 8:30 a.m.

Key Points: 
  • OAK BROOK, Ill., Oct. 3, 2023 /PRNewswire/ -- TreeHouse Foods, Inc. (NYSE: THS) will host an audio webcast on Monday, November 6, 2023, at 8:30 a.m.
  • ET to discuss the results for the third quarter and its outlook for the balance of the year.
  • An earnings release will be issued before the market opens on the same date, and the accompanying slides will be posted on the Company's website at https://www.treehousefoods.com/investors/investor-overview .
  • A replay will also be available on the site following the call.

John B. Sanfilippo & Son, Inc. Completes Acquisition of Snack Bar Assets from TreeHouse Foods

Retrieved on: 
Friday, September 29, 2023

“This is a momentous day for our Company as we close the largest and most transformational acquisition in our history.

Key Points: 
  • “This is a momentous day for our Company as we close the largest and most transformational acquisition in our history.
  • This acquisition significantly accelerates our product diversification strategy and allows us to offer our private label customers a complete offering of snack bars,” stated Jeffrey T. Sanfilippo, Chief Executive Officer of the Company.
  • “I would like to officially welcome the approximately 400 employees of the Lakeville facility to the JBSS family.
  • We look forward to working with this talented team to profitably grow the snack bar business and deliver long-term shareholder value.”
    The purchase price for the acquisition was funded from borrowings under the Company’s amended credit facility.