TorQuest Packaging Up Associated Brands for CA$187M
August 09, 2013
Canadian investor TorQuest Partners has agreed to sell Associated Brands to TreeHouse Foods (NYSE: THS) for CA$187 million in cash. Associated Brands is a private label manufacturer of powdered drinks, specialty teas and sweeteners. The company tallied up about $200 million in sales in the twelve months ending June 30. It's quite a return for TorQuest, which took the company private in 2007 for about CA$10.1 million.