ST.
LOUIS, Dec. 17, 2024 /PRNewswire/ -- Post
Holdings, Inc. (NYSE: Post) ("Post"), a consumer packaged goods
holding company, announced today it has agreed to acquire Potato
Products of Idaho, L.L.C. ("PPI"). Financial details of the
transaction were not disclosed.
PPI is a manufacturer and packager of refrigerated and frozen
potato products. The acquisition includes a manufacturing facility
in Rigby, Idaho. The acquisition
is expected to be completed in the first calendar quarter of 2025,
Post's second quarter of fiscal year 2025, subject to customary
closing conditions.
Forward Looking Statements
Certain matters discussed in this release are forward-looking
statements. These forward-looking statements are made based on
known events and circumstances at the time of release, and as such,
are subject to uncertainty and changes in circumstances. These
forward-looking statements include the anticipated timing of
completion of the acquisition. Such statements involve certain
risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements made herein. These
risks and uncertainties include risks relating to the timing and
ability to satisfy the closing conditions for the proposed
acquisition, the occurrence of any event, change or other
circumstance that could delay the closing of the proposed
acquisition, and other risks and uncertainties described in Post's
filings with the Securities and Exchange Commission. These
forward-looking statements represent Post's judgement as of the
date of this release. Post disclaims, however, any intent or
obligation to update these forward-looking statements. All
forward-looking statements in this release are qualified in their
entirety by this cautionary statement.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged
goods holding company with businesses operating in the
center-of-the-store, refrigerated, foodservice and food ingredient
categories. Its businesses include Post Consumer Brands, Weetabix,
Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader
in the North American ready-to-eat cereal and pet food categories
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 participates in the private brand food
category through its ownership interest in 8th Avenue Food &
Provisions, Inc. For more information, visit
www.postholdings.com.
Contact:
Investor Relations
Daniel O'Rourke
daniel.orourke@postholdings.com
(314) 806-3959
Media Relations
Tara Gray
tara.gray@postholdings.com
(314) 644-7648
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SOURCE Post Holdings, Inc.