Company: THS
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001320695-25-000107
Chunk: 67

Company: TreeHouse Foods, Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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ine Months EndedSeptember 30, 2025202420252024 (In millions)(In millions)Snacking$300.6 $318.2 $855.4 $941.9 Beverages & drink mixes316.4 281.7 905.4 793.9 Grocery223.3 239.2 669.5 712.5 Total net sales$840.3 $839.1 $2,430.3 $2,448.3 Revenue disaggregated by sales channel is as follows:Three Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024 (In millions)(In millions)Retail grocery$670.6 $674.2 $1,920.6 $1,931.6 Co-manufacturing84.4 95.0 259.8 299.2 Food-away-from-home and other85.3 69.9 249.9 217.5 Total net sales$840.3 $839.1 $2,430.3 $2,448.3 

19. SUBSEQUENT EVENT

On November 10, 2025, the Company, Industrial F&B Investments II, Inc., a Delaware corporation (“Investindustrial”), and Industrial F&B Investments III, Inc., a Delaware corporation and a wholly owned subsidiary of Investindustrial (“Merger Sub”), signed an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which Merger Sub would merge with and into TreeHouse, with TreeHouse continuing as the surviving corporation.Under the terms of the agreement, TreeHouse Foods shareholders will receive $22.50 per share in cash for each share of common stock owned at closing, representing a total Enterprise Value of $2.9 billion, and one non-transferrable Contingent Value Right ("CVR") per common share. The CVR generally will provide a holder with an opportunity to receive certain net proceeds, if any are recovered, from certain ongoing litigation relating to part of TreeHouse Foods' coffee business. Refer to Note 16 to our Condensed Consolidated Financial Statements for additional information regarding the ongoing coffee business litigation.The transaction is expected to close in the first quarter of 2026, subject to approval by TreeHouse Foods shareholders and satisfaction of regulatory approvals and other customary closing conditions. The transaction is not subject to a financing condition. Upon