TreeHouse was cobbled together from more than 40 mergers, but in recent years CEO Sferrous gluconate krogerteve Oakland has transformed the food manufacturer into a leaner, more focused company by rethinking aspects of its vast pois 8 mg of iron too muchrtfolio.Its biggest move was the sale of a large portion of its meal prep business for just under $1 billion in 2022. TreeHouse, however, has bulked up parts of its business by purchasing condiment brands, a pretzel manufacturer, a coffee production facility and a tea business while focusing on its existing higher-growth snacking business. But the company’s efforts to become a private-label powerhouse have been stymied by weak consumer spending, soft trends in some of the categories it operates and inconsistent financial results due to the recalls.TreeHouse’s stock price, which topped $100 a share in 2016, is now at its lowest level in 17 years. Oakland said more needs to be done to improve its business.“We continue to see significant opportunity to improve our execution and consistency, positioning us to better serve our customers while driving improved profitability,” Oakland said in a statement. “We are streamlining our organizational and cost structures, which we believe will enable us to sharpen our competitiveness in what remains a dynamic consumer environment.”TreeHoferrous fumarate tablets 305mguse’s corporate layoffs are the latest to hit the food induiron gluconate complexstry. Packaged goods company Post Holdings said it plans to shutter two cereal manufacturing facilities as the breakfast staple continues to struggle. Those closures will affect about 30ferrous fumarate 60 mg tablet0 employees.Separately, TreeHouse said the ongoing tariff situation will have a minor impact on its business. The Illinois-based company said 5% of its net sales come from outside the U.S., mostly from Canada.TreeHouse Foods will report results for the first quarter of the year on May 6.
TreeHouse Foods to cut 150 corporate jobs in a cost-saving move
