Advertisement
News
Advertisement

Post to Buy Protein-Drink Maker

Mon, 08/05/2013 - 9:59am

ST. LOUIS (AP) — Cereal maker Post Holdings Inc. said Friday it agreed to acquire Premier Nutrition Corp., a distributor of protein drinks and nutritional supplements, for about $180 million.

The move allows Post to expand into the fast-growing nutrition and supplement arena. Premier's products include Premier Protein drinks and bars and Joint Juice products.

The deal is expected to close in September. It is expected to add $130 million to $140 million to Post's full-year revenue.

Post has been expanding through acquisitions lately. It acquired the cereal, granola and snacks business of Hearthside Food Solutions in May.

Post shares slipped 40 cents to $46.56 in morning trading, closer to the high end of the stock's 52-week range of $28.62 to $49.32.

Advertisement

Share This Story

X
You may login with either your assigned username or your e-mail address.
The password field is case sensitive.
Loading