Andrea Bonomi and his investment firm Investindustrial have finalized a deal with TreeHouse Foods to acquire the US food group, based on an enterprise value, including debt, of $2.9 billion. Investindustrial intends to pay $22.50 per share to acquire all outstanding shares of TreeHouse and to delist the company from Wall Street, amounting to a total of $1.2 billion. This offer reflects a 38% premium over the stock price as of September 26, prior to the circulation of speculations regarding a potential acquisition. In addition to the cash component, shareholders will receive a CVR (contingent value right), which entitles them to a portion of any proceeds from the legal conflict involving TreeHouse Foods' coffee business. The firm, which has 26 sites in the United States and Canada, manufactures food and beverages for the private label market. The TreeHouse Foods board unanimously authorized the transaction, which is expected to close in the first quarter of 2026 and is subject to shareholder approval in the United States and customary regulatory approvals. "The acquisition of TreeHouse Foods, which will function independently within Investindustrial's portfolio, emphasizes the company's proficiency in the food and beverage industry and underscores its robust presence in North America, where Investindustrial's portfolio companies will, following the acquisition of TreeHouse Foods, collectively operate over 85 manufacturing facilities and employ 16,000 employees," explains Andrea Bonomi.