Snacks & Candy

Atlas Holdings Acquires TreeHouse Foods Snacks Division

Flagstone Foods offers private-label nuts, trail mixes, plus branded products
Photograph: Flagstone Foods

GREENWICH, Conn. — Atlas Holdings has acquired Flagstone Foods, the snacks division of TreeHouse Foods, and Flagstone has a new CEO.

Flagstone Foods is one of the largest manufacturers and distributors of private-label healthy snacks in North America. It sources nuts, trail mixes and more to retail customers across the country. Flagstone also offers branded products under the Goodfields and Hoody’s labels. The company’s products are available at convenience, grocery, warehouse, club, drug and dollar stores and more.

Robert Scalia has been named Flagstone's CEO, replacing Steve Oakland. Most recently, he was senior vice president of business development and strategy for Hearthside Food Solutions and previously spent 25 years in leadership roles with General Mills, Nabisco, Kraft Foods and Hershey.

“With the strong foundation already in place, coupled with Atlas’ operational and financial resources, we are committed to providing the highest-quality products, innovative new offerings and unmatched service to our customers and channel partners,” Scalia said. “The sky is the limit for Flagstone, and I can’t wait to get started.”

Flagstone, which TreeHouse acquired in 2014, will now stand on its own and be based in Minneapolis. 

“We are very excited to partner with the strong team at Flagstone Foods, and to welcome Bob Scalia as our CEO,” said Michael Sher, partner with Atlas Holdings. “Consumers are consistently choosing private-label brands from grocers, clubs and retailers they trust. Under Bob’s leadership, we believe Flagstone will build upon its already strong market presence and become the ‘go-to’ healthy snacks company to meet that growing consumer demand.”

Greenwich, Conn.-based Atlas Holdings was founded in 2002 and owns and operates 20 platform companies. Atlas companies—which include sectors such as aluminum processing, building materials, construction services, and food manufacturing and distribution—generate more than $5 billion in annual revenues, it said.

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