TreeHouse Foods Inc. agrees to buy ConAgra Foods Inc.'s private-label unit for $2.7 billion

TreeHouse Foods Inc. is buying ConAgra Foods Inc.'s private-label unit for $2.7 billion. The deal will make TreeHouse Foods Inc. the largest US maker of store-brand groceries and test its potential to turn around an ill business.

In a statement on Monday, Oak Brook, Ill.-based TreeHouse... read more

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