Ralcorp Holdings

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USA: Ralcorp Holdings announces third quarter fiscal 2001 results

1 Aug 2001

Ralcorp Holdings, Inc. (NYSE: RAH) yesterday announced net sales for its third quarter ended June 30, 2001 of $279.4 million compared to $172.1 million for the three months ended June 30, 2000. Net earnings for the third quarter were $14.4 million compared to $12.9 million for the same quarter last year, while diluted earnings per share were $.48 compared to $.43 a year ago, an improvement of nearly 12 percent.

USA: Ralcorp Holdings, Inc. appoints new directors

25 May 2001

Ralcorp Holdings, Inc. (NYSE: RAH) announced yesterday that David R. Banks, Chairman of the Board and Chief Executive Officer, and former President, Beverly Enterprises, Inc., and M. Darrell Ingram, former Chairman of the Board, Red Fox Environmental Services, Inc., were appointed Directors of the Company.

USA: Ralcorp Holdings announces second quarter fiscal 2001 results

2 May 2001

Ralcorp Holdings, Inc. (NYSE: RAH) yesterday announced net sales for its second quarter ended March 31, 2001 of $275.0 million compared to $173.2 million for the three months ended March 31, 2000. Net earnings for the second quarter were $7.7 million compared to $10.6 million for the same quarter last year, while diluted earnings per share were $.26 compared to $.34 a year ago.

USA: Ralcorp Holdings reports first quarter fiscal 2001 results

30 Jan 2001

Ralcorp Holdings, Inc. (NYSE: RAH) today announced net sales for the three months ended December 31, 2000 were $277.3 million compared to $204.9 million for the three months ended December 31, 1999. Net earnings for the first quarter were $8.7 million compared to $7.6 million for the same quarter last year. Diluted earnings per share were $.29 compared to $.24 for last year's first quarter.

USA: Agribrands announces first quarter earnings

11 Jan 2001

Agribrands International, Inc. (NYSE: AGX) yesterday announced first quarter net earnings of $4.9 million compared to $13.9 million for the prior year. Diluted earnings per share for the quarter were $0.48 compared to $1.29 for the prior year. Excluding merger expenses and restructuring charges, operating profit for the current quarter was $14.5 million compared to $19.7 million for the same quarter last year.

USA: Ralcorp Holdings, Inc. signs letter of intent to purchase Torbitt & Castleman Business

14 Dec 2000

Ralcorp Holdings, Inc. (NYSE: RAH) announced yesterday that it signed a letter of intent to purchase the wet products portion of The Torbitt & Castleman Company LLC, a producer of private label syrups, Mexican sauces, jams and jellies, barbecue sauces, flavored syrups and other specialty sauces with approximately $80 million in annual sales. The company's dry mix manufacturing plant in Sheboygan, Wisconsin, and Five Star Brands, an affiliated manufacturer of nutritional bars located in Grand Rapids, Michigan, are not included in this transaction. Under the terms of the letter of intent, Torbitt's owners have agreed to negotiate exclusively with Ralcorp regarding the purchase and sale of Torbitt. Terms of the transaction were not disclosed. Torbitt & Castleman is based in Buckner, Kentucky and employs approximately 250 people.

USA: Online Beef, Pork and Poultry Exchange Appoints Chief Executive Officer

5 Dec 2000

Commerce Ventures LLC, a neutral, web-based exchange for buyers and sellers of beef, pork and poultry products, today announced the appointment of Kevin M. Nemetz as chief executive officer. Nemetz's primary responsibility is spearheading the company's marketplace launch scheduled for first quarter 2001. He also oversees all efforts pertaining to management-level hiring decisions, develops partnership efforts and provides overall strategic direction and leadership for the company.

USA: Online Beef, Pork and Poultry Exchange Appoints Chief Executive Officer

4 Dec 2000

Commerce Ventures LLC, a neutral, web-based exchange for buyers and sellers of beef, pork and poultry products, today announced the appointment of Kevin M. Nemetz as chief executive officer.

USA: Genesee Corporation announces first quarter results

18 Sep 2000

Genesee Corporation (Nasdaq: GENBB) announced, on Friday, results for the first fiscal quarter ended July 29, 2000.The Corporation has previously announced that it is in the process of selling its brewing and equipment leasing businesses. Given these circumstances, the Corporation has reported these business segments as discontinued operations.

USA: Ralcorp Holdings, Inc. signs letter of intent to purchase Ontario Foods, Inc.

31 Aug 2000

Ralcorp Holdings, Inc. (NYSE: RAH) announced today that it signed a letter of intent to purchase Ontario Foods, Inc., a producer of private label dry mixed products with approximately $50 million in sales. Under the terms of the letter of intent, Ontario Foods' parent, Genesee Corporation, has agreed to negotiate exclusively with Ralcorp regarding the purchase and sale of Ontario Foods. Terms of the transaction were not disclosed.In addition to the parties executing a definitive agreement, the transaction is subject to approval by Genesee's shareholders and customary regulatory consents.Ontario Foods, Inc. is based in Medina, New York and produces dry mixed products such as: instant iced tea; sweetened powdered drink mixes; hot chocolate mixes; artificial sweeteners (aspartame and sugar substitutes); dry soups (including bouillon), and dry prepared meals (noodles and sauce, rice and sauce and stuffing mixes).With annualized sales of approximately $1.1 billion, Ralcorp produces a variety of store brand foods that are sold under the individual labels of various grocery, mass merchandise and drug store retailers. Ralcorp's diversified product mix includes: ready-to-eat and hot cereals, crackers and cookies, snack nuts, salad dressings, mayonnaise, peanut butter, jam and jellies, syrups, and various sauces. In addition, Ralcorp holds a 21.8 percent interest in Vail Resorts, Inc., the premier mountain resort operator in North America.NOTE: Information in this press release that includes information other than historical data contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are made based on information currently known and are subject to various risk and uncertainties and are therefore qualified by the Company's cautionary statements contained in its filings with the Securities and Exchange Commission.

USA: The Wall Street Transcript Publishes Analyst Comments On H. J. Heinz in Brands & Packaged Foods Issue

18 Aug 2000

Three leading analysts and top management from eight sector firms examine the Brands & Packaged Foods industry in the latest issue of The Wall Street Transcript (212/952-7433) or http://www.twst.com/info/info151.htm In a vital review of this sector for investors and industry professionals, this valuable 55-page Special Issue features: 1) Brands & Packaged Foods - In an in-depth (12,900 words) Analyst Roundtable, Herb Achey, Senior Equity Analyst with the U.

USA: The Wall Street Transcript publishes Analyst comments on Hershey in Brands & Packaged Foods Issue

17 Aug 2000

Three leading analysts and top management from eight sector firms examine the Brands & Packaged Foods industry in the latest issue of The Wall Street Transcript (212/952-7433) or http://www.twst.com/info/info151.htm In a vital review of this sector for investors and industry professionals, this valuable 55-page Special Issue features: 1) Brands & Packaged Foods - In an in-depth (12,900 words) Analyst Roundtable, Herb Achey, Senior Equity Analyst with the U.

USA: The Wall Street Transcript Publishes Analyst Comments On Bestfoods & Universal Foods in Brands & Packaged Foods Issue

16 Aug 2000

Three leading analysts and top management from eight sector firms examine the Brands & Packaged Foods industry in the latest issue of The Wall Street Transcript (212/952-7433) or http://www.twst.com/info/info151.htm In a vital review of this sector for investors and industry professionals, this valuable 55-page Special Issue features: 1) Brands & Packaged Foods - In an in-depth (12,900 words) Analyst Roundtable, Herb Achey, Senior Equity Analyst with the U.

USA: Ralcorp Holdings, Inc. and Agribrands International, Inc. Agree to Combine

9 Aug 2000

Ralcorp Holdings, Inc. (NYSE: RAH) and Agribrands International, Inc. (NYSE: AGX) announced today they have entered into a definitive agreement to combine in a merger-of-equals transaction. The merger will create a company that has approximately $2.3 billion in sales and the substantial cash flows and borrowing capacity needed to accelerate Ralcorp's growth in private label foods.

USA: Ralcorp Holdings, Inc. Reached Accord With Ripon Employees

4 Aug 2000

Ralcorp Holdings, Inc. (NYSE: RAH) announced that the striking employees at Ripon Foods' cookie plant in Ripon, Wisconsin today ratified a three-year agreement which ends a labor strike that began on August 2. [The Ripon facility is operated as part of the Bremner cracker and cookie division.] The contract was approved by employees who are members of Local 91, Union of Needletrades, Industrial and Textile Employees (UNITE)."We are pleased with the outcome of today's vote," said Larry Schultz, Director of Operations of the Ripon facility."I want to congratulate both the Company and Union negotiating committees, who worked very hard to come to an agreement that is mutually beneficial to both the Company and the employees. We believe this agreement addresses the needs of our employees as well as what the Company needs to operate successfully in an extremely competitive marketplace."Ripon plans to resume production beginning at 3:00 p.m. today.

USA: Ralcorp Holdings, Inc. Announces That Employees of Ripon Foods, Inc. Strike

3 Aug 2000

Ralcorp Holdings, Inc. (NYSE: RAH) announced today that employees of Ripon Foods, Inc. who are members of Local 91 Union of Needletrades, Industrial and Textile Employees (UNITE) have gone on strike. (Ripon is operated as part of Ralcorp's cracker and cookie business along with Bremner, Inc., Wortz Company, Sugar Kake Cookie Inc., and Cascade Cookie Company, Inc.) The Ripon plant, located in Ripon, Wisconsin, makes a variety of store brand and branded cookies. The contract, which initially expired at midnight, July 31, 2000, was extended by the parties while they continued negotiations. The strike followed lengthy contract talks between the Company and the Union.Larry Schultz, Director of Operations for Ripon Foods, Inc., stated, "we are very disappointed that the Ripon employees elected to go on strike. We tried our best during the course of negotiations to accommodate the needs of the bargaining unit employees while at the same time addressing the Company's need to operate successfully in an extremely competitive marketplace. Richard R. Koulouris, Vice President and Director of Operations of Bremner, Inc., who oversees the Ripon plant operations, noted, "while we hope the strike is a brief one, we expect that we will be able to meet the needs of our customers."

USA: Ralcorp Holdings, Inc. to Relocate Baltimore Production To Dunkirk, New York; Baltimore Facility Will Close

25 Jul 2000

Ralcorp Holdings, Inc. (NYSE: RAH - news) announced that employees at its Martin Gillet & Co., Inc. salad dressing and mayonnaise plant in Baltimore, Maryland were informed today that Ralcorp will relocate Martin Gillet's Baltimore production lines to Dunkirk, New York. The relocation will result in the closure of the Baltimore facility.

USA: Ralcorp Holdings, Inc. Agrees to Purchase The Red Wing Company, Inc.

20 Jun 2000

Ralcorp Holdings, Inc. announced that it has reached a definitive agreement to purchase The Red Wing Company, Inc., one of the country's largest producers of private label preserves and jellies, peanut butter, salad dressings and tomato products.Red Wing manufactures a variety of high-quality private label condiments and sauces, including ketchup, pasta sauce, table and flavored syrups, barbecue and Mexican sauces and honey. Products are sold to various grocery and mass-merchandise retailers under their respective store brands. In addition to traditional retail business, Red Wing serves the foodservice and international channels, and it also markets a full-line of cocktail mixes under the Major Peters' brand. Red Wing annual sales are approximately $350 million.Ralcorp was established as an independent publicly traded company in 1994 as a result of a spinoff from the Ralston Purina Company. William P. Stiritz is Ralcorp's chairman of the board and Joseph R. Micheletto is CEO and president.Since its creation, Ralcorp has established a leadership position in private label or store brand foods. Ralston produces a variety of store brand foods that are sold under the individual labels of various grocery, mass merchandise and drug store retailers.Ralcorp's diversified product mix includes ready-to-eat and hot cereals, crackers and cookies, snack nuts, mayonnaise and shelf-stable salad dressings. In addition, Ralcorp holds a 21.9 percent equity interest in Vail Resorts, Inc., the premier mountain resort operator in North America. Ralcorp expects to close the Red Wing transaction within 35 days pending regulatory approval.Red Wing has five plant locations: Fredonia and Dunkirk, NY, Streator, IL; San Jose and Colusa County, CA, all of which are vital to the company's near- and long-term business plans.

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