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Diving overview:
- Post Holdings is purchasing Idaho-based Potato Products, a manufacturer and packager of refrigerated and frozen potato products, for an undisclosed amount.
- The acquisition, expected to close in the first quarter of 2025, includes a manufacturing facility in Rigby, Idaho.
- This purchase will further strengthen Post’s existing potato market position. The St. Louis company owns Michael Foods, a maker of egg products and refrigerated potatoes for the food service industry, as well as branded items such as Bob Evans Sides and Simply Potatoes.
Dive Insights:
Since being spun off as a cereal specialist in 2012, Post has completed more than 20 acquisitions, expanding its reach into everything from peanut butter and mashed potatoes to liquid eggs and dog food. A key part of this strategy comes from owning businesses that have similarities or create synergies with existing operations. This is a strategy highlighted by the purchase of Idaho potato products.
The Idaho Potato Commission, the state agency responsible for promoting the popular spuds, says on its website that Potato Products of Idaho makes refrigerated and frozen mashed potatoes, roasted potatoes and roasted potatoes for food service and retail stores, which the Post said He revealed that it fits perfectly into the channels he is already selling. Yes. A spokesperson for Idaho Potato Products could not be reached for comment.
This acquisition will allow Post to increase production and serve more companies purchasing potato products. We are also likely to benefit from cost synergies and other efficiencies by integrating Potato Products of Idaho into our existing operations.
