Company: THS
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001320695-25-000089
Chunk: 31

Company: TreeHouse Foods, Inc.
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 1
Chunk 31
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-market lease adjustments, acquisition-related costs, and related income taxes. The pro forma results may not necessarily reflect actual results of operations that would have been achieved, nor are they necessarily indicative of future results of operations.Three Months EndedMarch 31,2024(Unaudited, in millions)Pro forma net sales$856.9 Pro forma net loss(13.3)Acquisition of Pickle Branded AssetsOn January 2, 2024, the Company completed the acquisition of pickle branded assets, including Bick’s pickles, Habitant pickled beets, Woodman’s horseradish, and McLarens pickled onions brands (the "Pickle Branded Assets"), from The J.M. Smucker Co., a North American producer of coffee, consumer foods, dog snacks, and cat food. The acquisition is consistent with our strategy and builds depth in our Pickles category by expanding into Canada. The total purchase consideration transferred was approximately $25.9 million in cash. The purchase of the Pickle Branded Assets was accounted for as an Asset Acquisition.The following table summarizes the purchase price allocation of the fair value of net tangible and intangible assets acquired:(In millions)Cash transferred at close$20.0 Purchase price adjustment5.9 Total consideration transferred$25.9 Allocation of consideration to assets acquired:Inventories$25.2 Trademarks0.7 Total purchase price$25.9 Intangible assets acquired included trademarks with an estimated life of 10 years.

14

TREEHOUSE FOODS, INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS — (Continued)

7. PROPERTY, PLANT, AND EQUIPMENT March 31, 2025December 31, 2024(In millions)Land$35.0 $35.0 Buildings and improvements379.2 378.1 Machinery and equipment1,089.8 1,063.3 Construction in progress113.9 120.6 Total1,617.9 1,597.0 Less accumulated depreciation(860.4)(848.4)Property, plant, and equipment, net$757.5 $748.6 Depreciation expense was $28.3 million and $24.5 million for the three months ended March 31, 2025 and 2024, respectively.

8. GOODWILL AND INTANGIBLE ASSETS  GoodwillChanges in