Post, a packaged goods company focused on breakfast foods, has announced that it has agreed to acquire the private label ready-to-eat cereal business of TreeHouse Foods for an undisclosed sum. Post described the acquired unit as a leading private label cereal manufacturer with wide-ranging cereal production capabilities across two facilities, serving a diverse set of customers across retail channels. “The ready-to-eat cereal category represents nearly $9 billion in revenue at …
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Post, the US cereal giant, has announced it is to spin off its active nutrition business through an IPO. The company said it had approved a plan to separate its active nutrition business into a publicly traded company, “creating a scalable, high growth asset with dedicated capital resources and the strategic flexibility to pursue both organic and M&A opportunities”. Post’s nutritional arm markets ready-to-drink protein and other beverages, protein powders, nutrition …
USA cereal maker Post has announced plans to close a manufacturing facility in Clinton, MA by August 2019. According to Food Business News, the facility was obtained as a result of Post’s $1.8 billion acquisition of Weetabix in 2017 . Post said the planned closure ”reflects Post’s continuous improvement initiative to optimize its cereal production network and manage costs in the ready-to-eat cereal category”. Robert Vitale, Post president and CEO, …
Post, the US breakfast cereal firm, has announced that it is expanding its presence in chilled and frozen foods with the acquisition of Bob Evans Farms for an equity value of approximately $1.5 billion. The firm said the deal would add a highly complementary portfolio of brands to its product range, including a leading brand in refrigerated side dishes. Bob Evans Farms is a leading producer and distributor of refrigerated potato, …
Post, the US cereal firm, is to expand its presence in western USA with the construction of a new 901,000 sq ft, $50 million facility in Salt Lake City, UT. According to a report in The Enterprise, the new plant at California Avenue and 5600 West will employ nearly 100 people in manufacturing and distribution roles. Post, which is described as the third-largest cereal firm in the US, has an existing manufacturing …
The latest innovation insight from Gama Compass™ MANCHESTER – 5th June 2015: Inventive innovation in the breakfast cereal category is Gama’s new product focus this week, as we take a look at a launch that is seeking to bolster the popularity of cereal as a summer breakfast food – Post Ice Cream Pebbles Rainbow Sherbet Breakfast Cereal. Introduced as an extension to the Post Pebbles range in the US, Post …
Cereal maker Post Holdings has announced that it is aiming to complete the purchase of rival Mom Brands as part of its strategy to expand and strengthen its position in the cereal market, according to a report from Reuters. The transaction will reportedly consist of a payment of $1.05 billion in cash together with a transfer of 2.5 million shares. Mom Brands, whose portfolio includes Malt-O-Meal, Frosted Mini Spooners, Golden …
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