Private company

Treasure Holdco, Inc.

Treasure Holdco, Inc. is an American paper mills company, incorporated in Delaware.1 It is headquartered in Evansville, Indiana.1

Last updated Oct 20, 2026.

Overview

$2.2BRevenue, fiscal 20242
-$154.0MNet income, fiscal 20242
  • IndustryPaper Mills1
  • HeadquartersEvansville, Indiana1
  • Incorporated inDE3
  • Business address101 Oakley Street, Evansville, In 477103
  • Filer categoryAccelerated filer3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

-6.4%Operating margin2
-7.0%Net margin2
-3.9%Revenue growth, 20242
-7.2%Return on equity2
$120.0MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue89¢$1.9B
  • Research and development1¢$13.0M
  • Selling, general and admin5¢$107.0M
  • Other costs4¢$98.0M
  • Income tax1¢$19.0M

Out of $2.2B in revenue.2 The company lost money this year.

Where each dollar of operating cash went, fiscal 2024

  • Capital spending38¢$72.0M
  • Kept or used elsewhere62¢$120.0M

Out of $192.0M of cash from operations.2

Financial statements

Revenue2$2.2B in 2024−22% since 2022
0$1.0B$2.0B$3.0B2022: $2.8B$2.8B20222023: $2.3B$2.3B2023−19%2024: $2.2B$2.2B2024−4%
Operating income2-$141.0M in 2024
-$200.0M-$100.0M0$100.0M$200.0M2022: $172.0M$172.0M20222023: $69.0M$69.0M2023−60%2024: -$141.0M-$141.0M2024
Net income2-$154.0M in 2024
-$200.0M-$100.0M0$100.0M$200.0M2022: $119.0M$119.0M20222023: $38.0M$38.0M2023−68%2024: -$154.0M-$154.0M2024
Fiscal year2021202220232024
Revenue$2.8B2$2.3B2$2.2B2
Cost of revenue$2.4B2$2.0B2$1.9B2
Research and development$16.0M2$15.0M2$13.0M2
Selling, general and admin$120.0M2$110.0M2$107.0M2
Operating income$172.0M2$69.0M2-$141.0M2
Income before tax$152.0M2$72.0M2-$135.0M2
Income tax$33.0M2$34.0M2$19.0M2
Net income$119.0M2$38.0M2-$154.0M2

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What it owns

What Treasure Holdco, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.9B2 Sep 28, 2024$1.9B2 Sep 30, 2023+3.3%
Accumulated depreciation$970.0M2 Sep 28, 2024$859.0M2 Sep 30, 2023+12.9%
Property and equipment, net$949.0M2 Sep 28, 2024$998.0M2 Sep 30, 2023−4.9%
Finance-lease assets$6.0M2 Sep 28, 2024$9.0M2 Sep 30, 2023−33.3%
Operating-lease assets (leased space)$49.0M2 Sep 28, 2024$52.0M2 Sep 30, 2023−5.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$230.0M2 Sep 28, 2024$185.0M2 Sep 30, 2023+24.3%
Marketable securities, current$02 Sep 28, 2024$29.0M2 Sep 30, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$624.0M2 Sep 28, 2024$794.0M2 Sep 30, 2023−21.4%
Intangible assets, net (excluding goodwill)$226.0M2 Sep 28, 2024$275.0M2 Sep 30, 2023−17.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$259.0M2 Sep 28, 2024$243.0M2 Sep 30, 2023+6.6%
Finished goods$156.0M2 Sep 28, 2024$145.0M2 Sep 30, 2023+7.6%

Properties, in its own words

Our primary manufacturing facilities by geographic area were as follows:

Geographic Region · Total Facilities · Leased Facilities

The rest of Item 2

Americas · 17 · 2

Rest of World · 13 · 3

Item 2 of the 10-K filed Dec 23, 2024.4

Leadership

Who has led Treasure Holdco, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Curt Begle2024

Chief financial officer

  1. James Till2024
2025
  • Chief executive officerCurt Begle Oct 22, 2024 to Nov 5, 20245
  • Chief financial officerJames Till Oct 22, 2024 to Oct 22, 20246
Board members and other officers (4)

Timeline

  1. Nov 8, 20248-K Entered a material agreement; Completed an acquisition or sale; New debt or obligation10
  2. Nov 4, 20248-K Bylaws or fiscal year changed11
  3. Oct 22, 2024New chief executive Curt Begle becomes CEO5

Filings

26 filings to the SEC since October 2021: 1 annual reports, 2 major events, 11 insider forms, 12 other. The latest 20:

  1. Dec 23, 202410-K TREASURE HOLDCO, INC. 10-K EDGAR
  2. Dec 23, 202415-12G EDGAR
  3. Nov 8, 20248-K EDGAR
  4. Nov 5, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Nov 5, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Nov 5, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Nov 5, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Nov 5, 20244 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Nov 4, 20248-K EDGAR
  10. Oct 29, 2024UPLOAD EDGAR
  11. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Oct 22, 20243 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Oct 21, 202410-12G/A EDGAR
  18. Sep 10, 202410-12G/A EDGAR
  19. Aug 23, 202410-12G EDGAR
  20. Aug 5, 2024DRSLTR EDGAR

The 26 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How Treasure Holdco, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTreasure Holdco, Inc.1
  • CIK0002021031
  • Employer ID (EIN)99-08070914
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsSeptember 281
  • Industry code (SIC)2621 Paper Mills1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address101 Oakley Street, Evansville, IN 477101
  • Phone812-424-29041
  • Shares outstanding0 as of Dec 23, 20242
  • Public float$0 as of Mar 30, 20242
  • AuditorErnst & Young LLP, Indianapolis, Indiana PCAOB ID 42; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 8, 20241
  • Filings29 in all: 3 (6), 4 (5), UPLOAD (4), 10-12G/A (2), 8-K (2), DRS/A (2), DRSLTR (2), 10-12G (1)1
    All 13 form types

    10-K (1), 15-12G (1), 425 (1), DRS (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Dec 23, 2024
    Latest 8-K (8-K) Nov 8, 2024

Risk factors and legal proceedings

The risks Treasure Holdco, Inc. names in Item 1A of its 10-K filed Dec 23, 2024: 15 risks under these headings, as written.4

  • Operational Risks
  • Global economic conditions, including inflation and supply chain disruptions, may negatively impact our business operations and financial results.
  • Raw material inflation or shortage of available materials could harm our financial condition and results of operations.
  • Weather related events could negatively impact our results of operations.
  • We may not be able to compete successfully and our customers may not continue to purchase our products.
  • We may pursue and execute acquisitions or divestitures, which could adversely affect our business.
  • In the event of a catastrophic loss of one of our key manufacturing facilities, our business would be adversely affected.
  • Employee retention or labor cost inflation could disrupt our business.
  • We depend on information technology systems and infrastructure to operate our business, and increased cybersecurity threats, system inadequacies, and failures could disrupt our operations, compromise customer, employee, vendor and other data which could negatively affect our business.
  • Financial and Legal Risks
  • Goodwill and other intangibles represent a significant amount of our net worth, and a future write-off could result in lower reported net income and a reduction of our net worth.
  • Our international operations pose risks to our business that may not be present with our domestic operations.
The other 5 risks
  • Current and future environmental and other governmental requirements could adversely affect our financial condition and our ability to conduct our business.
  • Changes in tax laws or changes in our geographic mix of earnings could have a material impact on our financial condition and results of operation.
  • We may not be successful in protecting our intellectual property rights, including our unpatented proprietary know-how and trade secrets, or in avoiding claims that we infringed on the intellectual property rights of others.
  • We may be subject to litigation and regulatory investigations and proceedings, including product liability claims, that could adversely affect our business operations and financial performance.
  • Transaction Risk
  • The Transactions may not be successful or achieve the anticipated financial and other benefits.

Legal proceedings

We are party to various legal proceedings involving routine claims which are incidental to our business. Although our legal and financial liability with respect to such proceedings cannot be estimated with certainty, we believe that any ultimate liability would not be material to the business, financial condition, results of operations or cash flows. see Note 3. Commitments, Leases and Contingencies.

The opening of Item 3, Legal Proceedings.4

Sources

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