www.agtechdaily.com
No Result
View All Result
  • Login
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
Contact
ABOUT US
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability
No Result
View All Result
www.agtechdaily.com
No Result
View All Result
Home Food

TreeHouse Foods names new director to board following agreement with Jana

Admin by Admin
April 14, 2022
Reading Time:2min read
0
Buy JNews
ADVERTISEMENT


RELATED POSTS

FDA will streamline food safety and regulation under a single leader

EU eases melon rules but tightens checks on vanilla extract from U.S.

What consumers want in 2023

Dive Brief:

Dive Insight:

Just over a year after Jana first disclosed its stake in TreeHouse, the latest agreement shows the private equity firm isn’t going away anytime soon.

With Ostfeld’s appointment, TreeHouse will now have three of its 11 directors that were appointed following agreements with the activist investor. While Jana will not control a majority of the board, it will now have an even larger say in the direction of the beleaguered company. Jana initially proposed nominating two additional members to TreeHouse’s board in December.

In addition to having direct ties to the private equity firm, Ostfeld adds to the board a director with experience in the packaged food industry. Ostfeld resigned from the board of Slim Jim and Healthy Choice maker Conagra Brands the same day he was added to TreeHouse’s board. After three years with Conagra, he will bring invaluable expertise and an understanding of the industry to the private food maker.

“TreeHouse Foods is an incredibly attractive company well-positioned to benefit from favorable secular tailwinds and with multiple avenues to unlock and drive shareholder value,” Ostfeld said in a statement.

TreeHouse, the nation’s largest manufacturer of private-label products thanks to a combination of more than 40 mergers, has spent much of the past several years closing plants, cutting jobs and jettisoning units. But during that time, its stock price has languished, prompting Jana’s involvement early last year. At the time, Jana said it believed TreeHouse’s shares were “undervalued and represent an attractive investment opportunity,” and that the company should consider a sale of its business. 

In announcing its decision to table a sale of the entire company in March, TreeHouse cited changes in the macro-economic and financing environment that have “changed significantly” since that process began a few months earlier. While all indications are that Jana agreed with that assessment, it’s no doubt keeping a close watch on TreeHouse, and when conditions finally do improve, it may be ready to agitate for another crack at a sale.



Source link

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to share on Reddit (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...
Admin

Admin

Related Posts

Food

FDA will streamline food safety and regulation under a single leader

February 1, 2023
Food

EU eases melon rules but tightens checks on vanilla extract from U.S.

February 1, 2023
Food

What consumers want in 2023

February 1, 2023
Food

Will 2023 be the year food plays a role in sustainability policy?

February 1, 2023
Food

New Tindle chef-curated meal kits elevate the plant-based meat experience

February 1, 2023
Food

Oatly debuts carbon footprint labeling on U.S. products

February 1, 2023
Next Post

The 'silent salesman': How kosher certification went mainstream

Investment company InVenture mulling purchase of agricultural enterprises for up to $5 mln

Latest News

Consumer groups, industry tell FDA Commissioner change is needed

April 26, 2022

26 Corozal women to benefit from Ministry of Investment newly launched Vanilla Cultivation Training Pilot Project

October 29, 2022

Great Plains Rural Freight Technology project will shore up essential Kansas supply chain | Ag News

September 9, 2022

Most Popular

  • Agricultural E-Commerce Boosts Incomes For Cherry farmers in Shandong

    0 shares
    Share 0 Tweet 0
  • Seeds of Discord: Farmers Accused of Fraud in Dicamba Dispute | Arkansas Business News

    0 shares
    Share 0 Tweet 0
  • Farm Credit Administration tours the Midwest – Agweek

    0 shares
    Share 0 Tweet 0
  • 12 Biggest Agriculture Companies in the World

    0 shares
    Share 0 Tweet 0
  • How Technology Is Changing Agriculture

    0 shares
    Share 0 Tweet 0
Facebook Twitter Pinterest LinkedIn
www.agtechdaily.com

AgTech Daily provides in-depth journalism and insight into the most impactful news and trends shaping the agricultural and food technology industry

Categories

  • Agriculture
  • Announcements
  • Food
  • Others
  • Sustainability
  • Technology

Quick Links

  • Home
  • About us

© 2022 - All Right Reserved. www.agtechdaily.com.

No Result
View All Result
  • Home
  • Agriculture
  • Food
  • Technology
  • Sustainability

© 2022 - All Right Reserved. www.agtechdaily.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
%d bloggers like this: