15 Jul 2019 --- TreeHouse Foods Inc. has entered into a definitive agreement to sell the company’s Snacks Division to Atlas Holdings LLC. Atlas has agreed to pay US$90 million for the Division, subject to certain post-closing adjustments. TreeHouse projected the Snacks Division to generate net sales of approximately US$670 million in 2019. TreeHouse plans to use the net proceeds of the sale to pay down debt. The transaction is expected to close in the third quarter of this year, subject to customary closing conditions.
