(RTTNews) – TreeHouse Foods, Inc. (THS) outlined its TreeHouse 2020, the company’s restructuring program, for the calendar year 2018: the partial closure of Dothan, Alabama expected in the second quarter of 2018; the final phase of closure of the Battle Creek, Michigan facility announced on January 31, 2018; the closure of the Visalia, California facility which is targeted for closure by the end of first quarter 2019; at least 15 production lines permanently shuttered; and the full roll-out of the TreeHouse Management Operating System to 12 plants in 2018.
The costs to close the Visalia facility are expected to be approximately $21 million, of which approximately $8 million is expected to be in cash. The company expects cha…
Read the full article at: http://markets.businessinsider.com/news/stocks/TreeHouse-Details-2018-Restructuring-Program-To-Reduce-Headcount-By-Mid-2018-1015886989