Post Holdings Completes Acquisition of Almark Foods
Post Holdings, Inc. (NYSE:POST) has completed its acquisition of Almark Foods, a prominent supplier of hard-cooked and deviled egg products.
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Rhea-AI Summary
Post Holdings, Inc. (NYSE:POST) has completed its acquisition of Almark Foods, a prominent supplier of hard-cooked and deviled egg products. This acquisition, effective February 1, 2021, is part of Post's strategy to expand its footprint in the refrigerated foods sector. Post Holdings, recognized for its diverse food brands, operates in various categories including ready-to-eat cereals and convenient nutrition. The addition of Almark Foods is anticipated to enhance Post's product offerings and strengthen its position in the market.
Positive
- Acquisition of Almark Foods strengthens Post's position in the refrigerated foods sector.
- Enhancement of product offerings with Almark's hard-cooked and deviled egg products.
- Strategic alignment with Post's existing portfolio in consumer packaged goods.
Negative
- None.
Details
News Market Reaction – POST
The recorded move for POST in the trading session of this news was -0.89%.
Data tracked by StockTitan Argus. Session date unavailable.
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ST. LOUIS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced that it has completed the previously announced acquisition of Almark Foods, a leading provider of hard-cooked and deviled egg products, effective today.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, 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® peanut butter. 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 leading, private brand centric, consumer products holding company. For more information, visit www.postholdings.com.
Contact:
Investor Relations
Jennifer Meyer
jennifer.meyer@postholdings.com
(314) 644-7665
Media Relations
Lisa Hanly
lisa.hanly@postholdings.com
(314) 665-3180
FAQ
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