Post Holdings Announces Partnership With Hungry Planet®
Post Holdings, Inc. (NYSE:POST) has formed a partnership with Hungry Planet, a plant-based meat company, to enhance distribution of its plant-based meat products across various channels. This collaboration comes in response to rising consumer demand for alternative protein solutions. Post's Foodservice and Refrigerated Retail divisions will support Hungry Planet's expansion. Additionally, Post Holdings is making a financial investment in Hungry Planet to bolster its growth. This marks Post's second venture into the sustainable food category following a previous agreement to manufacture and distribute JUST Egg.
- Partnership with Hungry Planet to expand distribution of plant-based meats.
- Post Holdings is investing in Hungry Planet to support future growth.
- Addresses growing consumer demand for alternative protein solutions.
- None.
ST. LOUIS, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced a partnership with Hungry Planet® Inc., a plant-based meat company. In this new partnership, Post’s Foodservice and Refrigerated Retail units will work closely with Hungry Planet to expand the distribution of Hungry Planet’s industry-leading range of plant-based meats to address the rapidly growing demand for alternative protein solutions across all meal occasions.
Hungry Planet produces a full range of chef-crafted plant-based meats that match the taste and texture of conventional meat, and offer a superior nutritional profile. These proteins provide a sustainable food alternative to traditional meat products. Based in St. Louis, Hungry Planet meats are distributed throughout the United States via foodservice, restaurants, grocery stores and ecommerce.
“Demand for plant-based meats is growing. We are excited to announce this partnership with Hungry Planet and to continue to offer more innovative product options to our customers,” said Mark Westphal, President of Post subsidiary, Michael Foods.
“Our products make it easy to swap plant-based meat in for conventional meat in any cuisine, with any flavor and across all proteins without compromise,” said Todd Boyman, CEO and Co-Founder of Hungry Planet. “This new partnership will accelerate delivery of our products to more points of distribution and help keep pace with demand and reach millions more consumers.”
In connection with the partnership, Post Holdings is also making a financial investment in Hungry Planet to support the company’s future growth.
The Hungry Planet partnership is Post’s second announcement in the sustainable food product category. In May 2020 Michael Foods, Post’s Foodservice organization, announced an agreement to manufacture and distribute JUST Egg to foodservice and food ingredient customers.
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.
Contacts:
Investor Relations
Jennifer Meyer
jennifer.meyer@postholdings.com
(314) 644-7665
Media Relations
Lisa Hanly
lisa.hanly@postholdings.com
(314) 665-3180
About Hungry Planet®
Hungry Planet®, Inc. makes chef-crafted plant-based meats that are a delicious and simple switch for conventional meats. Headquartered in St. Louis, MO, the company’s mission is to match traditional meat textures and tastes with healthy plant-based ingredients, and to make them accessible to everyone. Well known to those in the plant-based meat category for their variety and superior nutrition, they develop meats to delight the demanding tastes of meat lovers and chefs. With a full range of naturally flavored proteins, their meats can be used in any cuisine without compromise and use fewer resources from planet to plate while being superior for consumers and the environment. Their meats are packed with protein and fiber, featuring fewer calories and less fat (no saturated) than conventional meat and other plant-based meats. Sibling founders, Todd and Jody Boyman, founded Hungry Planet because they recognize that even though our planet is abundant, it is not without limit. While food is the most basic human requirement, we owe it to ourselves, and our community, to eat more sustainably. The company is hungry to transform our food system to be healthier, more sustainable and just. Join us at HungryPlanetFoods.com or on social media @HungryPlanetFoods
Contact:
Bill Raack
314.602.0696
braack@vandivergroup.com
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