NEW YORK (TheStreet) -- TreeHouse Foods(THS) - Get Report stock is gaining 2.32% to $94 in late morning trading on Monday following reports that e-commerce giant Amazon.com (AMZN) will expand its private-label brands, according to the Wall Street Journal.
Oak Brook, IL-based TreeHouse Foods manufactures packaged foods and beverages under private-label brands. Earlier this year, the company acquired ConAgra's (CAG) private brands business for $2.7 billion.
Amazon.com has been working to develop its own brands for years and reached out to several manufacturers, including TreeHouse Foods, the Journal added.
The new Amazon.com brands will include its first perishable food line that will include spices, tea, coffee and nuts, sources told the Journal.
Amazon.com could launch the new brands as earlier as this month or early June.
Separately, TreeHouse Foods has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's robust revenue growth and solid stock price performance, which outweighs sub par net income growth.
You can view the full analysis from the report here: THS
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.