Post Acquires Some of Hearthside Foods Cereal, Snacks Ops
May 29, 2013
ST. LOUISPost Holdings, Inc., a manufacturer, marketer and distributor of branded ready to eat cereals, has completed the previously announced acquisition of the branded and private-label cereal, granola and snacks business of Hearthside Food Solutions, a portfolio company of Wind Point Partners.
In February 2012, Ralcorp Holdings, Inc., separated itself from Post Holdings for approximately $900 million and 20% of outstanding shares of Post Foods when it completed its spin-off of the cereal maker. In 2013, at the end of January 2012, according to an amendment that Ralcorp filed to its Form 10 Registration Statement with the Securities and Exchange Commission (SEC). In November 2012, Ralcorp agreed to exchange of its remaining stake in Post Holdings for approximately $200 million of debt outstanding under the company's credit agreement dated Aug. 30, 2012.
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