ST. LOUIS, MO — Post Holdings, Inc., a consumer packaged goods holding company, announced Dec. 14 that it has agreed to acquire Almark Foods.
Almark is a provider of hard-cooked and deviled egg products, offering conventional, organic and cage-free products. Its products are distributed broadly across retail outlets, including in the perimeter-of-the-store and the deli counter, as well as to foodservice distributors. Almark operates a hard-cooked egg facility in Yuma, AZ. Upon completion of the acquisition, Almark will be combined with Post’s existing Michael Foods egg business. The financial results of Almark are expected to be split between Post’s Foodservice and Refrigerated Retail segments.
Final terms of the transaction were not disclosed. The transaction is expected to be completed in the first calendar quarter of 2021 (Post’s second fiscal quarter of 2021), subject to customary closing conditions.
Post Holdings, headquartered in St. Louis, MO, is a consumer packaged goods holding company operating in the center-of-the-store, refrigerated, foodservice, food ingredient and convenient nutrition food categories. Through its Post Consumer Brands business, Post is a leader in the North American ready-to-eat cereal category offering a broad portfolio including recognized brands such as Honey Bunches of Oats, Pebbles, Great Grains and Malt-O-Meal bag cereal. Post also is a leader in the United Kingdom ready-to-eat cereal category with the iconic Weetabix brand. As a leader in refrigerated foods, Post delivers innovative, value-added egg and refrigerated potato products to the foodservice channel and the retail refrigerated side dish category, offering side dish, egg, cheese and sausage products through the Bob Evans, Simply Potatoes and Crystal Farms brands. Post’s publicly-traded subsidiary BellRing Brands, Inc. is a holding company operating in the global convenient nutrition category through its primary brands of Premier Protein, Dymatize and PowerBar.