Post Holdings, the owner of US egg business Michael Foods, has moved to add to the business by acquiring domestic peer National Pasteurized Eggs.

The deal, struck for an undisclosed sum, is expected to close early in the first quarter of Post’s 2017 financial year, a three-month period that will run to the end of December.

National Pasteurized Eggs produces pasteurised shell eggs, including cage-free and hard boiled eggs. Post said the business’ “patented in-shell pasteurisation process” allows for commercial-scale production of pasteurised eggs.

It has three egg production facilities located in Illinois, Iowa and South Dakota and distributes its products across the US, serving the foodservice and retail channels.

“This transaction continues our effort at building upon Michael Foods’ best-in-class egg foodservice business,” Post president and CEO Rob Vitale said.

Post acquired Michael Foods, the egg, dairy and potato products supplier, for US$2.45bn in 2014.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Last month, Post reported its results for the third quarter and first nine months of its current financial year. Nine-month net sales from its Michael Foods Group unit fell 8.3% to $518m amid a fall in prices in the ingredient and retail shell egg channels.