Investindustrial is a "European group of independently managed investment, holding and advisory companies with 11 billion of raised fund capital [and] ESG principles deeply embedded into the Firm's core approach." TreeHouse focuses on "better-for-you, natural and organic products," with the goal of "mak[ing] high quality food and beverages affordable to all." TreeHouse had been exploring a sale of its entire company, but its board changed course in March, citing the shift in the macroeconomic and financing environment since they began exploring a full sale. With this transaction, it is spinning off segments focused on "pasta, pourable and spoonable dressing, preserves, red sauces, syrup, dry blends and baking, dry dinners, pie filling, pita chips and other sauces." TreeHouse cited two primary reasons for the divestiture: simplification and inflation.