Local Focus.(Business)

TreeHouse Foods acquires salsa maker WESTCHESTER - TreeHouse Foods Inc. said Monday its portfolio will soon include Mexican sauces. The food manufacturer agreed to pay $88.5 million for San Antonio Farms, a maker of salsa, cheese dip; and picante, enchilada and taco sauces. The company generated $45.3 million in revenue over the past year.

TreeHouse said the transaction will be neutral to its earnings over the rest of 2007, but will add about 5 cents per share to 2008 earnings. San Antonio Farms sells to retail customers, mostly under private label arrangements, and to ...

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