Treehouse Foods Completes Harris Tea Acquisition

The leaders at Treehouse Foods Inc. made good on an agreement to acquire Harris Tea’s subsidiaries that operate the private-brand tea business of Harris Freeman for $205 million, according to a company press release.

"The acquisition of Harris Tea is a good use of our balance sheet strength, bringing a fast-growing, margin-accretive business into TreeHouse Foods, and giving us an immediate leadership position in private label tea," said TreeHouse Foods Chairman, CEO and President Steve Oakland. "Harris Tea's capabilities in tea sourcing, blending and packing, as well as its scale..."

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