Food manufacturer Ralcorp Holdings has completed the takeover of snack maker Medallion Foods.
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Medallion and its management team will continue operations at its headquarters in Newport, Arkansas where it employs approximately 270 people.
“Today, Medallion becomes a subsidiary of Ralcorp, operating as a part of the Ralston Foods cereal and snack businesses,” said David P. Skarie, co-chief executive officer and president of Ralcorp Holdings Inc. “By adding the Medallion Foods product line to our snack business, we remain focused on our long-term strategy of maximizing value to shareholders through continued growth of our company.”
