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Diving Briefs:
- Post Holdings is on sale After paying $ 880 million to buy Ronzoni owners, the pasta part of the 8th Street Food & Provisions Division on Richardson Holdings in just two months.
- The food processor pays $ 375 million in cash and assumes about $ 80 million of rental liabilities. The post keeps part of the 8th Street portfolio, including nut butter, fruit and nuts and gran surprises.
- The transaction, which is expected to be closed in the first accounting quarter of POST in 2026, includes three production facilities located in North Dakota Carington. New Hope, Minnesota; Virginia Winchester. About 500 employees from 8th Street join Richardson after selling.
Dive Insights:
POST’s food portfolios are largely soaked in peanut butter, cereals, potatoes and eggs, and the company’s decision to offer pasta indicates that there is little interest in building meaningful beings in that category.
The POST will be integrated into the consumer brand sector, which is added from the 8th Avenue Trade, which has everything from Oat and gravel cereals to Peter Pan Peanut Butter and Kibbles’ N Bits Food.
The 8th Street Trading continues to work for the post for months.
A company headquartered in St. Lewis I bought Aida Ho’s potato productsAt the end of last year, refrigeration and frozen potato products manufacturers and packaging workers. In April, the mail announced that it would do so. Close the cereal manufacturing facility In the Nevada Koburg, Ontario and Spark, where breakfast staples are still struggling.
Changes also came from the management of management. Last month’s post said Nicolas Catoggio will be the chief operating officer. After Jeff Zadoks came from the role of January. Catoggio is currently supervising the post consumer brand.
