ST. LOUIS, MO — Post Holdings, a consumer packaged goods holding company, announced Tuesday that it has acquired the ready-to-eat cereal business of TreeHouse Foods for $85 million, effective June 1. The acquisition includes two facilities located in Lancaster, OH and Sparks, NV, which feature a wide range of production capabilities across batch and extruded products, a research and development facility located in Sauget, Illinois as well as inventory valued at approximately $30 million. The financial results of the acquired RTE cereal business are expected to be reported in the Post Consumer Brands segment and are expected to be modestly dilutive to Post’s Adjusted EBITDA for fiscal year 2021 and accretive in fiscal year 2022.
Completion of Ronzoni Dry Pasta Brand Acquisition
8th Avenue Food & Provisions, Inc. announced Tuesday that it has completed the previously announced acquisition of the Ronzoni dry pasta brand and a dry pasta manufacturing facility located in Winchester, VA from Riviana Foods Inc., effective May 31. Ronzoni is a 100-year-old brand with a comprehensive portfolio across traditional and value-added pasta.
Post Holdings, Inc., 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. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, Bob Evans Farms and BellRing Brands. Post Consumer Brands is a leader in the North American ready-to-eat cereal category and also markets Peter Pan nut butters. Weetabix is home to the United Kingdom’s number one selling ready-to-eat cereal brand, Weetabix. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. 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 and Dymatize. Post participates in the private brand food category through its investment with third parties in 8th Avenue Food & Provisions, Inc., a private, brand-centric, consumer products holding company.