8th Avenue Food & Provisions, the US-based private-label business owned by Post Holdings, is buying a peanut-butter factory from fellow food manufacturer Conagra Brands.

The purchase of the facility in Streator, Illinois, is expected to be completed in the fourth quarter for an undisclosed sum and will be funded with “cash on hand”, according to a statement from 8th Avenue Food & Provisions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Post Holdings formed 8th Avenue Food & Provisions in the summer of 2018 to run the US food group’s private-label operations and headed by Jim Dwyer as president and chief executive. It manufactures products such as nut butters, dried fruit and nut, granola and pasta for the retail and foodservice channels.

While it is primarily owned by Post Holdings, 8th Avenue Food & Provisions also counts affiliates of private-equity firm Thomas H. Lee Partners as co-owners. When the tie-up was announced, it was revealed Post Holdings would hold 60.5% of the business. 

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now