Post Holdings Completes Acquisition of Almark Foods

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.

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

What is the significance of Post Holdings acquiring Almark Foods?

The acquisition of Almark Foods by Post Holdings enhances its product range in the refrigerated foods sector, allowing the company to tap into the growing market for hard-cooked and deviled egg products.

When did Post Holdings complete the acquisition of Almark Foods?

Post Holdings completed the acquisition of Almark Foods on February 1, 2021.

How will the acquisition of Almark Foods impact Post Holdings?

The acquisition is expected to strengthen Post Holdings' market position by enhancing its offerings in the refrigerated foods category, potentially leading to increased revenue opportunities.

What products does Almark Foods provide?

Almark Foods specializes in hard-cooked and deviled egg products, which are a key addition to Post Holdings' refrigerated food offerings.