December 14, 2020
ST. LOUIS, Dec. 14, 2020 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced that it has agreed to acquire Almark Foods (“Almark”).
Almark is a leading provider of hard-cooked and deviled egg products, offering conventional, organic and cage-free products. Its products are distributed broadly across retail outlets, including in the perimeter-of-the-store and the deli counter, as well as to foodservice distributors. Almark operates a hard-cooked egg facility in Yuma, Arizona. Upon completion of the acquisition, Almark will be combined with Post’s existing Michael Foods egg business. The financial results of Almark are expected to be split between Post’s Foodservice and Refrigerated Retail segments.
Final terms of the transaction were not disclosed. The transaction is expected to be completed in the first calendar quarter of 2021 (Post’s second fiscal quarter of 2021), subject to customary closing conditions.
About Michael Foods, Inc.
Michael Foods, a subsidiary of Post Holdings, is headquartered in Minnetonka, MN. As a leader in foodservice and food ingredients, Michael Foods both produces and distributes an extensive portfolio of innovative egg and potato products along with a variety of specialty food offerings, including sausage, macaroni and cheese and more. Our brands, Papetti’s®, Abbotsford Farms®, Simply Potatoes®, Owens® and Bob Evans®, are valued and recognized across the country. Through a series of business building platforms and a comprehensive manufacturing and distribution network, Michael Foods also offers inspirational culinary and marketing solutions while delivering supply chain efficiencies and back-of-restaurant convenience and food safety. With manufacturing locations stretching from the northeast to the southwest, our company and employees are committed to supporting our communities and sustaining the farmland essential to our business. For more information, visit www.michaelfoods.com.
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