Post Holdings Completes Acquisition of Weetabix
(Thomson Reuters ONE) -
ST. LOUIS, July 03, 2017 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a
consumer packaged goods holding company, today announced it has completed the
previously announced acquisition of Weetabix Limited ("Weetabix"), a leading
United Kingdom based ready-to-eat cereal company, effective July 3, 2017.
The purchase of Weetabix was funded with cash on hand and partial proceeds from
the previously announced incremental term loan facility, $1.0 billion of which
was funded on June 29, 2017.
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,
foodservice, food ingredient, private label, refrigerated and active nutrition
food categories. Through its Post Consumer Brands business, Post is a leader in
the North American ready-to-eat cereal category and offers a broad portfolio
that includes recognized brands such as Honey Bunches of Oats®, Pebbles(TM),
Great Grains® and Malt-O-Meal® bag cereal as well as granola and hot wheat
products. Post is also a leader in the United Kingdom ready-to-eat cereal
category with Weetabix® and Alpen®. Post's Michael Foods Group supplies value-
added egg products, refrigerated potato products, cheese and other dairy case
products and dry pasta products to the foodservice, food ingredient and private
label retail channels and markets retail brands including All Whites®, Better'n
Eggs®, Simply Potatoes® and Crystal Farms®. Post's Active Nutrition platform
aids consumers in adopting healthier lifestyles through brands such as Premier
Protein®, PowerBar® and Dymatize®. Post's Private Brands Group manufactures
private label peanut butter and other nut butters, dried fruits and baking and
snacking nuts. For more information, visit www.postholdings.com.
Contact:
Investor Relations
Brad Harper
brad.harper(at)postholdings.com
(314) 644-7626
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Post Holdings, Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.07.2017 - 14:00 Uhr
Sprache: Deutsch
News-ID 550882
Anzahl Zeichen: 2566
contact information:
Town:
St. Louis
Kategorie:
Business News
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