US food manufacturer Post Holdings has acquired Almark Foods, an egg supplier for the retail and foodservice channels based in the state of Georgia.
Post, which owns the Weetabix breakfast cereal brand and has majority control of nutrition business BellRing Brands did not disclose the transaction price in a statement today (14 December). The company said the deal for Gainesville-based Almark Foods is expected to close in the first quarter.
Almark Foods offers conventional eggs and also cage-free and organic varieties under its own brand, but also provides private-label customers with hard-boiled egg products. In retail, its products are displayed in the perimeter of stores and also at deli counters. The company operates a hard-cooked egg facility in Yuma, Arizona.
Upon completion of the acquisition, Almark will be combined with Post’s existing Michael Foods egg business. Michael Foods, based in Minnetonka, Minnesota, is the largest processor of value-added eggs in the US. In 2018, Post invested US$85m to build an eggs and pre-cooked meat facility for Michael Foods in Norwalk, Iowa.
The deal for Almark is the second Post has unveiled in seven days. Last week, Post announced a deal to buy the Peter Pan peanut butter brand from US peer Conagra Brands for an undisclosed sum.
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