Post Holdings, the US food group, was this week announced as the new owner of Weetabix, the UK-based breakfast cereal business. The GBP1.4bn...
Almost five years after Bright Food snapped up a majority stake in Weetabix, the state-backed Chinese group is said to be looking to offload...
Since it span off from Ralcorp Holdings three years ago, Post Holdings has followed an aggressive M&A strategy. Deal-making has focused on diversifying its portfolio to gain access to on-trend categories. Given this drive, perhaps yesterday's (26 January) announcement of Post's acquisition of MOM Brands - a move that will deepen its exposure to the struggling US cereal category - could seem a curious tactic. Katy Askew investigates.
Post Holdings has undergone significant change in the last two years through a spate of M&A. While there are questions about the outlook for some of the newly-acquired assets - and for its core cereal business - the US group this week expressed confidence about its outlook.
Gluten-free is currently a bright spot of strong growth in the largely stagnant developed markets of the US and western Europe. However, as the category matures it is becoming an increasingly crowded space. As such, many forward-looking gluten-free specialists have an eye on fresh markets that will offer the next phase of growth for the sector. Russia is one such market. Katy Askew reports.
After seeing the boom in yoghurt sales in the US chip away at demand for breakfast cereal, Kellogg has accepted it needs a piece of the action. And about time, too, writes Dean Best.
ConAgra Foods will become the largest own-label firm in the US with an acquisition of Ralcorp Holdings but there are concerns over whether it can manage brands and private label. There are also questions over the potential private label has for further growth in the US. Doug Knudsen, president of sales at ConAgra, tells Dean Best why the company is upbeat about the deal, its ability to grow brands and own label and the private label sector.
Post Holdings' takeover of Weetabix will provide the US group with more opportunities to make further acquisitions, its president and CEO Rob Vitale said today (18 April) after announcing the GBP1.4bn (US$1.79bn) purchase of the UK business.
Post Holdings, the US group behind breakfast cereal brands Grape-Nuts and Honey Bunches of Oats, this morning (18 April) confirmed it has struck a deal to buy UK business Weetabix in a deal worth GBP1.4bn (US$1.76bn).
Post Holdings has reportedly sealed a deal to acquire UK cereal business Weetabix from its Chinese owners, Bright Food Group, for US$1.76bn.
US breakfast cereal business Post Holdings is reportedly set to buy UK peer Weetabix, with a GBP1bn-plus (US$1.2bn) deal that could be announced this week.
Post Holdings, the US breakfast cereal business, is reportedly one of two bidders left in the race to buy UK peer Weetabix.
Post Holdings, the US breakfast cereal-to-peanut butter group, has narrowed its forecast for annual adjusted EBITDA, alongside first-quarter results that included flat sales and earnings affected by one-off items.
US food group Post Holdings has reached an agreement to settle anti-trust class action claims against its Michael Foods unit.
Post Holdings, the US breakfast cereal, eggs, cheese and sports nutrition business, has indicated it is looking for acquisition targets that are closer to its existing assets after a series of deals in different categories.
Post Holdings, the US food group, today (17 November) booked lower annual losses on the back of higher sales but the company saw its top line decline in the fourth quarter.
Post Holdings, the owner of US egg business Michael Foods, has moved to add to the business by acquiring domestic peer National Pasteurized Eggs.
Post Holdings, the US breakfast cereal, eggs and protein shakes group, has recorded a 4% fall in underlying third-quarter net sales amid what it called "an anticipated decline" from the company's Michael Foods Group division.
Post Holdings has added a new range of Clean Whey protein bars and drinks to its PowerBar range as part of a move to relaunch the brand.
US-based consumer packaged goods company Post Holdings raised its outlook for annual underlying EBITDA yesterday (25 July) but reported sales below analyst expectations.
The Organic Consumers Association (OCA) in the US has launched a legal challenge against Shredded Wheat maker Post Foods over the manufacturer's description of the cereal as "natural".
Post Holdings reportedly held talks with ConAgra Foods over a possible merger with the Chef Boyardee's potato business, Lamb Weston.
Post Holdings' arm Attune Foods is expanding its Peace Cereals brand into the US granola category with five non-GMO granolas.
Post Holdings, the US food group, has reported higher second-quarter underlying EBITDA on the back of sales from last year's acquisitions of local cereal business MOM Brands and egg supplier Williamette Egg Farms, as well as savings from its consumer business.
Innovative Bites, the UK-based American food wholesaler, has acquired UK confectioner Bonds of London in a deal that will double the firm's turnover.
Post Holdings has announced a "massive" relaunch of its PowerBar energy bar brand.
Post Holdings, the US food group, has raised its forecast for annual adjusted EBITDA on the back of increased sales and earnings in its first quarter.
This week, McCormick & Co. announced the appointment of Lawrence Kurzius to the position of CEO. Post Holdings was reportedly eyeing the packaged food arm of Bob Evans Farms. Elsewhere, the CEO and chairman of The Greenery quit amid clashes with the supervisory board. And we published the second part of our interview with Ritter chairman Andreas Ronken. Here is the week in quotes
Ahead of the climate talks in Paris, Unilever announced plans to be carbon positive from its operations by 2030. Elsewhere, there was more consolidation in the US food sector, with Pinnacle Foods moving for Boulder Brands. Tyson Foods, Post Holdings and Greencore all had annual results out in the week. Maple Leaf Foods outlined plans to "streamline" its business, which is set to lead to the loss of 400 staff. Here is the week in quotes.
Post Holdings has insisted its US egg business is in a strong position following the bird flu outbreak and suggested it is eyeing possible acquisitions in the sector.
The free-from sector is witnessing strong growth in developed markets from Europe to the US and beyond.
US food manufacture B&G Foods has joined the campaign for non-GMO by relaunching a non-GMO version of its spreadable fruit Polaner All Fruit.
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