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OAK BROOK, Ill., Dec. 11, 2020 /PRNewswire/ -- TreeHouse Foods (NYSE: THS) announced that it has completed the acquisition of the majority of Ebro's Riviana Foods U.S. branded pasta business for $242.5 million in cash, subject to customary adjustments based on inventory at closing.
"I want to welcome our newest members of the pasta team to TreeHouse," said Steve Oakland, CEO and President of TreeHouse Foods. "This acquisition represents a wonderful opportunity to not only strengthen our portfolio, but to bring together strong industry talent which will enable us to better serve our customers and to deliver greater value to our shareholders."