Post Holdings, Inc. (POST) to Buy 8th Avenue Food & Provisions

Post Holdings, Inc. (NYSE:POST) announced it has entered into a definitive agreement to acquire 8th Avenue Food & Provisions, Inc. The deal includes paying approximately $880 million, which covers the company’s net debt and $111 million in finance leases.

8th Avenue produces both branded and private label dry pasta, as well as private label nut butters, granola, and fruit and nut products.

A variety of grocery items in their respective aisles of a superstore representing the company brand.

This acquisition brings production of Post Holdings, Inc. (NYSE:POST) Peter Pan peanut butter in-house, marks its entry into the dry pasta market through the Ronzoni brand, and expands its presence in the growing granola segment. The deal is expected to close on July 1, 2025, in Post’s fiscal fourth quarter, pending standard closing conditions.

Rob Vitale, President and Chief Executive Officer of Post Holdings, Inc. (NYSE:POST), made the following comment:

“With this acquisition, we further our strategy of tactical private label positioning alongside leading brands. I am pleased to welcome back the approximately 1,580 employees of 8th Avenue who will join us as Post colleagues.”

Post Holdings, Inc. (NYSE:POST) anticipates the acquisition will enhance its free cash flow while aligning with its cash-focused business strategy and maintaining capital flexibility.

Based in St. Louis, Missouri, Post Holdings, Inc. (NYSE:POST) operates across a range of packaged food segments, including center-of-store, refrigerated, foodservice, and food ingredients.

POST has surged by nearly 4% in the past 12 months.

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Disclosure. None.