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December 14, 2020

Post Holdings acquires egg supplier Almark Foods

US food manufacturer Post Holdings has acquired an egg supplier based in Georgia for an undisclosed sum.

By Dean Best

US food manufacturer Post Holdings has acquired Almark Foods, an egg supplier for the retail and foodservice channels based in the state of Georgia.

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The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
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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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Free Report
img

What’s the forecast for the food and grocery industry?

The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. The market has grown as a result of inflation. Consumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. This is true despite the fact that the food and grocery sector's share of overall retail will decline from its peak in 2020. This report will discuss market forecasts and key themes in the global food & grocery industry in 2022 and beyond. It covers:
  • Market drivers and inhibitors
  • Five-year forecasts and the impact of COVID-19
  • The performance of the online channel versus offline
  • Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflation
Assess developments within this sector to help your business thrive in 2022 and beyond.
by GlobalData
Enter your details here to receive your free Report.

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