Post Holdings Announces Sale of Pasta Business; New Share Repurchase Authorization of $500 Million
Post Holdings (NYSE:POST) has announced two significant developments: the sale of its pasta business and a new share repurchase program. The company will sell 8th Avenue's pasta business to Richardson for $375 million in cash plus assumption of $80 million in leaseback liabilities, with the deal expected to close in Q1 2026.
Post will retain 8th Avenue's nut butters, fruit and nut products, and granola businesses, which will be integrated into Post Consumer Brands. These retained businesses are expected to contribute $45-50 million in Adjusted EBITDA in fiscal 2026, with anticipated cost synergies of $15 million by year-end.
Additionally, Post's Board has approved a new $500 million share repurchase authorization, effective August 29, 2025. The company had previously repurchased $304.8 million under its prior authorization.
Post Holdings (NYSE:POST) ha annunciato due sviluppi rilevanti: la cessione della sua divisione pasta e un nuovo programma di riacquisto azionario. L'azienda venderà il business della pasta di 8th Avenue a Richardson per 375 milioni di dollari in contanti più l'assunzione di 80 milioni di dollari di passività da leaseback; la chiusura dell'operazione è prevista per il primo trimestre del 2026.
Post manterrà le attività di 8th Avenue relative a burri di frutta secca, prodotti a base di frutta e noci e granola, che verranno integrate in Post Consumer Brands. Queste attività ritenute dovrebbero generare un Adjusted EBITDA di 45-50 milioni di dollari nell'esercizio 2026, con sinergie di costo previste per 15 milioni di dollari entro fine anno.
Inoltre, il Consiglio di Post ha approvato una nuova autorizzazione al riacquisto di azioni per 500 milioni di dollari, efficace dal 29 agosto 2025. In base all'autorizzazione precedente la società aveva già riacquistato 304,8 milioni di dollari.
Post Holdings (NYSE:POST) ha anunciado dos movimientos importantes: la venta de su negocio de pasta y un nuevo programa de recompra de acciones. La compañía venderá el negocio de pasta de 8th Avenue a Richardson por 375 millones de dólares en efectivo más la asunción de 80 millones de dólares en pasivos por leaseback; se espera que la operación cierre en el primer trimestre de 2026.
Post conservará las unidades de 8th Avenue de mantequillas de frutos secos, productos de fruta y nueces y granola, que se integrarán en Post Consumer Brands. Se espera que estas unidades generen un Adjusted EBITDA de 45-50 millones de dólares en el año fiscal 2026, con sinergias de costos previstas de 15 millones de dólares para fin de año.
Además, la Junta de Post aprobó una nueva autorización de recompra de acciones por 500 millones de dólares, vigente desde el 29 de agosto de 2025. Bajo la autorización anterior, la compañía ya había recomprado 304,8 millones de dólares.
Post Holdings (NYSE:POST)는 두 가지 주요 발표를 했습니다: 파스타 사업 매각과 새로운 자사주 매입 프로그램입니다. 회사는 8th Avenue의 파스타 사업을 Richardson에 현금 3억 7,500만 달러와 8,000만 달러 규모의 리스백 부채 인수 조건으로 매각하며, 거래는 2026 회계연도 1분기에 완료될 예정입니다.
Post는 8th Avenue의 견과류 버터, 과일 및 견과 제품, 그래놀라 사업은 보유해 Post Consumer Brands에 통합할 예정입니다. 이 보유 사업은 2026 회계연도에 조정 EBITDA 4,500만~5,000만 달러를 기여할 것으로 예상되며, 연말까지 1,500만 달러의 비용 시너지 달성이 예상됩니다.
또한 Post 이사회는 5억 달러 규모의 신규 자사주 매입 승인을 2025년 8월 29일부로 승인했습니다. 이전 승인하에서는 회사가 이미 3억 48만 달러(304.8 million)를 재매입했습니다.
Post Holdings (NYSE:POST) a annoncé deux décisions importantes : la vente de son activité pâtes et un nouveau programme de rachat d'actions. La société cède l'activité pâtes d'8th Avenue à Richardson pour 375 millions de dollars en espèces plus la prise en charge de 80 millions de dollars de passifs liés au leaseback ; la clôture de l'opération est prévue au premier trimestre 2026.
Post conservera les activités d'8th Avenue liées aux beurres d'oléagineux, aux produits fruit & noix et aux granolas, qui seront intégrées à Post Consumer Brands. Ces activités conservées devraient contribuer pour 45–50 millions de dollars d'Adjusted EBITDA pour l'exercice 2026, avec des synergies de coûts attendues de 15 millions de dollars d'ici la fin de l'année.
Par ailleurs, le conseil d'administration de Post a approuvé une nouvelle autorisation de rachat d'actions de 500 millions de dollars, effective le 29 août 2025. Sous l'autorisation précédente, la société avait déjà racheté 304,8 millions de dollars.
Post Holdings (NYSE:POST) hat zwei bedeutende Maßnahmen angekündigt: den Verkauf seines Pastageschäfts und ein neues Aktienrückkaufprogramm. Das Unternehmen verkauft das Pastageschäft von 8th Avenue an Richardson für 375 Mio. US-Dollar in bar zuzüglich der Übernahme von 80 Mio. US-Dollar an Leaseback-Verbindlichkeiten; der Abschluss der Transaktion wird für das erste Quartal 2026 erwartet.
Post behält 8th Avenues Brotaufstrich- und Nussbutter-, Obst- und Nuss- sowie Granola-Geschäfte, die in Post Consumer Brands integriert werden. Diese verbleibenden Geschäftsbereiche sollen im Geschäftsjahr 2026 ein bereinigtes EBITDA von 45–50 Mio. US-Dollar beitragen, mit erwarteten Kostensynergien von 15 Mio. US-Dollar bis Jahresende.
Außerdem hat der Vorstand von Post eine neue Aktienrückkaufgenehmigung in Höhe von 500 Mio. US-Dollar mit Wirkung zum 29. August 2025 genehmigt. Unter der vorherigen Genehmigung hatte das Unternehmen bereits 304,8 Mio. US-Dollar zurückgekauft.
- Sale of pasta business for $375 million cash plus $80 million in assumed liabilities
- Retained businesses expected to contribute $45-50 million in Adjusted EBITDA for FY2026
- Expected cost synergies of $15 million by end of FY2026
- New $500 million share repurchase authorization approved
- Synergized acquisition multiple below 7x EBITDA for retained business
- Transaction subject to regulatory approvals and closing conditions
- Divestiture of pasta business reduces overall company scale
Insights
Post is selling 8th Avenue's pasta business for $375M, retaining higher-margin segments, and authorizing a $500M share buyback program.
Post Holdings is executing a strategic two-part transaction that reshapes its portfolio while returning capital to shareholders. The company is selling 8th Avenue's pasta business to Richardson for
What's significant is Post's selective retention strategy – keeping 8th Avenue's nut butters, fruit and nut products, and granola businesses that will be integrated into Post Consumer Brands. These remaining operations are projected to contribute
Simultaneously, Post announced a new
The transaction structure suggests Post is strategically pruning lower-margin pasta operations while retaining businesses with stronger synergy potential and integration benefits. This portfolio optimization enhances Post's focus on its core competencies while providing immediate capital returns through the share repurchase program, creating a balanced approach to shareholder value creation.
Post expects that the nut butters, fruit and nut products and granola businesses will contribute approximately
New Share Repurchase Authorization
On August 27, 2025, Post's Board of Directors approved a new
Repurchases may be made from time to time in the open market, in private purchases, through forward, derivative, accelerated repurchase or automatic purchase transactions, or otherwise. Any shares repurchased would be held as treasury stock. The authorization does not, however, obligate Post to acquire any particular number of shares, and repurchases may be suspended or terminated at any time at Post's discretion.
Use of Non-GAAP Measures
In this release, Post discloses its expectations as to the contribution of the remaining 8th Avenue business to Post's Adjusted EBITDA in fiscal year 2026 and the synergized acquisition multiple for the remaining 8th Avenue business. Post uses Adjusted EBITDA and the synergized acquisition multiple, which are both non-GAAP measures, in this release to supplement the financial measures prepared in accordance with
Post management uses certain non-GAAP measures, including Adjusted EBITDA, as key metrics in the evaluation of underlying company and segment performance, in making financial, operating and planning decisions, and, in part, in the determination of bonuses for its executive officers and employees. Additionally, Post is required to comply with certain covenants and limitations that are based on variations of EBITDA in its financing documents. Post management believes the use of non-GAAP measures, including Adjusted EBITDA, provides increased transparency and assists investors in understanding the underlying operating performance of Post and its segments and in the analysis of ongoing operating trends. In addition, Post management believes the synergized acquisition multiple provides an important supplemental measure of a business's valuation.
Because Post discusses Adjusted EBITDA and the synergized acquisition multiple in this release only in relation to Post management's expectations of the future contribution of the remaining 8th Avenue business on these non-GAAP measures, Post has not provided a reconciliation of these forward-looking Adjusted EBITDA and synergized acquisition multiple expectations to the most directly comparable GAAP measures due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliations, including adjustments that could be made for income/expense on swaps, net, integration and transaction costs, mark-to-market adjustments on equity security investments, mark-to-market adjustments on commodity and foreign exchange hedges, gain/loss on extinguishment of debt, net, equity method investment adjustment and other charges reflected in Post's reconciliations of historical numbers, the amounts of which, based on historical experience, could be significant.
Prospective Financial Information
Prospective financial information is necessarily speculative in nature, and it can be expected that some or all of the assumptions underlying the prospective financial information described above will not materialize or will vary significantly from actual results. For further discussion of some of the factors that may cause actual results to vary materially from the information provided above, see "Forward-Looking Statements" below. Accordingly, the prospective financial information provided above is only an estimate of what Post management believes is realizable as of the date of this release. It also should be recognized that the reliability of any forecasted financial data diminishes the further in the future that the data is forecasted. In light of the foregoing, the information should be viewed in context and undue reliance should not be placed upon it.
Forward Looking Statements
Certain matters discussed in this release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made based on known events and circumstances at the time of release, and as such, are subject to uncertainty and changes in circumstances. These forward-looking statements include, among others, statements regarding Post's expected synergies and benefits from its recent acquisition of 8th Avenue, the forecasted Adjusted EBITDA contribution from the remaining 8th Avenue business in fiscal year 2026, the synergized acquisition multiple for the remaining 8th Avenue business and the expected timing of the completion of the transaction. These forward-looking statements may be identified from the use of forward-looking terminology such as "believe," "should," "could," "potential," "continue," "expect," "project," "estimate," "predict," "anticipate," "aim," "intend," "plan," "forecast," "target," "is likely," "will," "can," "may" or "would" or the negative of these terms or similar expressions, and include all statements regarding future performance, earnings projections, events or developments. There is no assurance that the transaction will be completed, and there are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include, but are not limited to, the following:
- the ability and timing to complete the proposed sale of 8th Avenue's pasta business, including obtaining the required regulatory approvals and the satisfaction of other closing conditions to the transaction agreement;
- disruptions or inefficiencies in Post's supply chain, tariffs, inflation, labor shortages, public health crises, climatic events, avian influenza and other agricultural diseases and pests, fires and other events beyond Post's control;
- changes in economic conditions, financial instability, disruptions in capital and credit markets, changes in interest rates and fluctuations in foreign currency exchange rates;
- volatility in the cost or availability of inputs to Post's businesses (including raw materials, energy and other supplies and freight);
- Post's and its customers' ability to compete in their respective product categories, including the success of pricing, advertising and promotional programs and the ability to anticipate and respond to changes in consumer and customer preferences and behaviors;
- Post's ability to hire and retain talented personnel, increases in labor-related costs, employee safety, labor strikes, work stoppages, unionization efforts and other labor disruptions;
- Post's high leverage, its ability to obtain additional financing and service its outstanding debt (including covenants restricting the operation of its businesses) and a potential downgrade in Post's credit ratings;
- Post's ability to successfully implement business strategies to reduce costs;
- Post's reliance on third parties and others for the manufacture of many of its products;
- costs, business disruptions and reputational damage associated with information technology failures, cybersecurity incidents, information security breaches or enterprise resource planning system implementations;
- allegations that Post's products cause injury or illness, product recalls and withdrawals, product liability claims and other related litigation;
- impacts of compliance with existing and changing laws and regulations;
- the impact of litigation;
- Post's ability to successfully integrate 8th Avenue and the pet food assets and operations acquired in April 2023 and in the Perfection Pet Foods, LLC acquisition, deliver on the expected financial contribution, cost savings and synergies from these acquisitions and maintain relationships with employees, customers and suppliers for the acquired businesses, while maintaining focus on Post's pre-acquisition businesses;
- Post's ability to identify, complete and integrate or otherwise effectively execute acquisitions or other strategic transactions;
- the loss of, a significant reduction of purchases by or the bankruptcy of a major customer;
- the success of new product introductions;
- differences in Post's actual operating results from any of its guidance regarding Post's future performance;
- impairment in the carrying value of goodwill, other intangibles or long-lived assets;
- risks associated with Post's international businesses;
- business disruption or other losses from changes in governmental administrations, political instability, terrorism, war or armed hostilities or geopolitical tensions;
- risks related to the intended tax treatment of Post's divestitures of its interest in BellRing Brands, Inc.;
- Post's ability to protect its intellectual property and other assets and to license third-party intellectual property;
- costs associated with the obligations of Bob Evans Farms, Inc. ("Bob Evans") in connection with the sale of its restaurants business, including certain indemnification obligations and Bob Evans's payment and performance obligations as a guarantor for certain leases;
- changes in critical accounting estimates;
- losses or increased funding and expenses related to Post's qualified pension or other postretirement plans;
- conflicting interests or the appearance of conflicting interests resulting from any of Post's directors and officers also serving as directors or officers of other companies; and
- other risks and uncertainties described in Post's filings with the Securities and Exchange Commission.
These forward-looking statements represent Post's judgement as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in
Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke@postholdings.com
(314) 806-3959
Media Relations
Tara Gray
tara.gray@postholdings.com
(314) 644-7648
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SOURCE Post Holdings, Inc.
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