Jun. 3 at 8:25 PM
$POST Post Holdings to acquire 8th Avenue Food & Provisions for
$880M
Post Holdings announced it has signed a definitive agreement to acquire 8th Avenue Food & Provisions. Post will extinguish the outstanding net debt of 8th Avenue and acquire all equity interests for a net payment of approximately
$880M. 8th Avenue's categories include branded and private label dry pasta and private label nut butters, granola, and fruit & nut.
The acquisition internalizes the manufacturing of Post's Peter Pan peanut butter, represents Post's entry into the dry pasta category with leading brand Ronzoni and enables greater participation in the growing granola sub-category of ready-to-eat cereal. The acquisition is expected to be completed on July 1, 2025, Post's fourth quarter of fiscal year 2025, subject to closing conditions.
