Reuters: TreeHouse Foods in advanced talks to buy Flagstone Foods

TreeHouse Foods (THS -0.4%) is in late-stage talks to acquire Flagstone Foods, one of the largest makers and distributors of private-label healthy snacks in the U.S., for $800M-$900M, Reuters reports.

THS is said to have prevailed over a Chinese group at the final stage of the auction for Flagstone, which is owned by P-E firm Gryphon Investors.

THS said earlier this year it was looking at expanding its non-branded food business, and sought Michael Foods before Post Holdings bought the company in April.

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