Post Holdings To Acquire Premier Nutrition Corporation

A Post Plant | Photo courtesy of Creative Commons
Photo courtesy of Creative Commons

Post Holdings, the St. Louis-based maker of branded, ready-to-eat cereals such as Honey Bunches of Oats and Raisin Bran, announced it will acquire Premier Nutrition Corporation (PNC) for $180 million in cash to be paid when the deal closes.

PNC is the marketer and distributor of protein drinks and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand. The PNC business will be independently managed by its existing executive team in Emeryville, Calif. led by CEO David Ritterbush. The transaction is expected to close by September and to contribute $130-$140 million to Post’s net sales on a full-year basis.


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