Post Holdings said it plans to explore options for its private brands business, which makes nut butter, pasta and granola products for top retailers, distributors and manufacturers.
The Brentwood-based company said it was looking at options, including an initial public offering, a placement of private equity, a sale or a strategic combination.
Post Holdings was spun off from St. Louis-based Ralcorp in 2012. Through a number of acquisitions, it has evolved from a cereal brands business to a diversified consumer products holding company.
The company operates its business under five units: Post Consumer Brands, Michael Foods Group, Active Nutrition, Private Brands and Weetabix.
Post’s private brands businesses had net sales totaling $791.2 million and net earnings of $43.4 million for the fiscal year that ended Sept. 30.
Read more: St. Louis Post-Dispatch