TreeHouse completes purchase of San Antonio Farms
June 01, 2007
by Eric Schroeder
WESTCHESTER, ILL. — TreeHouse Foods, Inc. completed the acquisition of San Antonio Farms, a San Antonio-based maker of premium quality Mexican sauces, including salsa, picante, cheese dip, enchilada sauce and taco sauce.
San Antonio Farms sells to retail customers primarily under private label arrangements and to food service customers under the San Antonio Farms label. The company manufactures all of its products at its processing and distribution facility in San Antonio, where it employs approximately 100 people.
In late April, TreeHouse agreed to pay $88.5 million in cash for the business. TreeHouse said it will finance the acquisition under the company’s existing $500 million credit facility.
"We are very excited to welcome San Antonio Farms to TreeHouse," said David Vermylen, president and chief operating officer, TreeHouse Foods. "This business will be an excellent fit with our Bay Valley Foods business and will be a great platform for us to pursue additional opportunities in the growing Mexican and Southwestern food categories."
The San Antonio Farms headquarters will remain in San Antonio. TreeHouse does not anticipate any significant changes to the existing operations.