Post Holdings acquires Michael Foods for $2.45 billion
The Brentwood-based owner of cereal brands such as Raisin Bran and Grape-Nuts is about to get bigger and more diverse. Post Holdings announced yesterday that it will acquire Michael Foods for $2.45 billion.
It’s Post’s sixth and largest acquisition in the past eight months. The company’s sales grew from $959 million in 2012 to $4.1 billion in 2013, according to the St. Louis Post-Dispatch.
Post is known for its consumer packaged goods such as breakfast cereals and nutrition products. Minnesota-based Michael Foods produces egg products, refrigerated potato products and cheese and other dairy case products. Its brands include Papetti’s, All Whites, Better ‘n Eggs, Easy Eggs, Simply Potatoes and Crystal Farms.
According to a press release by Post Holdings, “Post remains focused on diversifying its business to capitalize on shifts in consumer behavior towards increased consumption of protein and away-from-home breakfast occasions.”
Post Holdings owns such breakfast cereals as Honey Bunches of Oats, Pebbles, Post Shredded Wheat and Honeycomb. It also offers natural and organic cereal, granola and snacks through the Attune, Uncle Sam, Erewhon, Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Company brands. The company’s nutrition products include the Dymatize, Premier Protein, Supreme Protein and Joint Juice brands.
Post Holdings is located on S. Hanley Road just south of ArtMart. For more information, visit http://www.postholdings.com.