UPDATE 1-TreeHouse Foods to offer $100 mln common shares

* Says offering to partly fund Sturm Foods acquisition

* To fund remaining through credit facility, note offering

Feb 22 (BestGrowthStock) – TreeHouse Foods Inc (THS.N: ) said it
would offer $100 million of common shares to partly fund its
acquisition of health food products maker Sturm Foods from
private equity firm HM Capital Partners.

The company, which makes and retails products such as
pickles, non-dairy coffee-creamer, soups and salad dressings,
said it would finance the remaining portion of the acquisition
through a draw-down on its existing credit facility and a
previously announced senior note offering.

TreeHouse said it would grant underwriters an option to
purchase up to an additional $15 million common shares to cover
any over-allotments

Earlier this month, the company priced an offering of $400
million of senior notes due 2018.

In December, TreeHouse agreed to buy Sturm Foods for $660
million to strengthen its private label presence in the hot
cereal and powdered soft drink mix categories.

Shares of the Westchester, Illinois-based company closed at
$43.18 Friday on the New York Stock Exchange.

Stock Market Report

(Reporting by Vidya Lakshmi in Bangalore; Editing by Jarshad

UPDATE 1-TreeHouse Foods to offer $100 mln common shares