Post makes another acquisition, reports $39 million quarterly loss

Courtesy of Creative Commons
Courtesy of Creative Commons

Post Holdings continued a recent buying spree with the announcement that it will purchase peanut butter maker American Blanching for $128 million. The acquisition is the fifth this year and eighth in the last two years for Post, a Brentwood-based packaged food company. Post said it will combine American Blanching with its Golden Boy Foods peanut and other nut butter business.

The acquisition comes after Post lost $39.3 million in the second quarter of 2014, compared to a $1.1 million profit a year earlier.

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