Post buys TreeHouse cereal business for $85m

By Mary Ellen Shoup

- Last updated on GMT

Photo Credit: Post Holdings
Photo Credit: Post Holdings

Related tags Post holdings Cereal

Post Holdings has acquired TreeHouse Foods' ready-to-eat (RTE) cereal business for $85m.

Under the agreement, Post will acquire the entirety of TreeHouse Foods' RTE cereal business based in St. Louis, Missouri, which includes two manufacturing plants in Lancaster, Ohio, and Sparks, Nevada and a research and development facility in Sauget, Illinois, as well as inventory valued at approximately $30m.

The deal will impact 500 Treehouse employees working across the companies various RTE facilities. 

TreeHouse Foods, a manufacturer and distributor of private label packaged food and beverage products, said it will work closely with Post to ensure "a smooth transition for all stakeholders."

"This transaction is another important step in our strategic journey to create value for our customers and our shareholders,"​ commented Steve Oakland, CEO and president of TreeHouse Foods.

"Based on our thorough efforts to find alternative buyers for the business, we believe this transaction is not only in the best interest of its employees and customers, but also gives the business the opportunity to flourish as part of Post."

Despite softening of growth across its cereal business, Post's ready-to-eat cereal brands Fruity Pebbles, Honey Comb, and Grape Nuts posted strong year-over-year sales growth in the second quarter.

Related news

Show more

Related products

show more

Tomorrow’s bakery shortenings. Today.

Tomorrow’s bakery shortenings. Today.

Content provided by Cargill Oils | 31-Aug-2023 | White Paper

“The Next Generation of Bakery Shortenings” addresses the challenges of today’s functional issues and consumer taste preferences. To say bakery fats are...

Nutritionally rich, high-quality flaxseed

Nutritionally rich, high-quality flaxseed

Content provided by Glanbia Nutritionals | 15-Jun-2023 | Product Presentation

Flaxseed is naturally rich in omega-3 ALA and fiber health-supporting nutrients your consumers are sure to benefit from. Flaxseed is also an excellent...

Related suppliers

Follow us


View more