Dunkirk and Fredonia, N.Y., plants expected to be closed by May 2015.

But company says it will need 'guardrails' as it moves forward on strategy.

Company also expects fiscal 2015 e.p.s. to be less than double-digit target previously forecast.

Pasta companies change hands and trade business.

The company's chief executive predicts consumer market dynamics will be more of the same during the coming year.

Company working to regain share in frozen foods and canned pasta.

Company-wide sales climbed 27% during the first quarter.

Company sees focus on innovation and operational efficiency paying off in the future.

North American Retail Grocery income rises 11% in quarter.

The acquisition will allow TreeHouse Foods to develop a specialty tea line to compliment its single-serve coffee business.