Exhibit 99.1
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NEWS RELEASE |
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Contact: Investor Relations |
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708.483.1300 Ext 1331 |
TreeHouse Completes Acquisition of Sturm Foods
Westchester, IL,
March 2, 2010 — TreeHouse Foods, Inc. (NYSE: THS) announced today that it has
completed its previously announced acquisition of Sturm Foods, Inc. for $660 million, excluding
adjustments for working capital and other items.
TreeHouse financed the acquisition through the closing of its previously announced offerings of
$400 million in aggregate principal amount of 7.750% senior notes due 2018 and 2,702,500 shares of
common stock (including the exercise in full of the over-allotment option) at a price of $43.00 per
share. TreeHouse financed the remainder of the purchase price under its existing revolving credit
facility.
ABOUT TREEHOUSE FOODS
TreeHouse is a food manufacturer servicing primarily the retail grocery and foodservice channels.
Its products include non-dairy powdered coffee creamer; canned soup, salad dressings and sauces;
salsa and Mexican sauces; jams and pie fillings under the E.D. Smith brand name; pickles and
related products; infant feeding products; and other food products including aseptic sauces,
refrigerated salad dressings, and liquid non-dairy creamer. TreeHouse believes it is the largest
manufacturer of pickles and non-dairy powdered creamer in the United States and the largest
manufacturer of private label salad dressings in the United States and Canada based on sales
volume.
