Uncle Sam cereal is introduced by a predecessor of Attune Foods. [15], On August 2, 2018, Post Holdings announced it formed 8th Avenue Food & Provisions, consisting of Post's private brands business, and entered into an agreement with Thomas H. Lee Partners, L.P., a private equity company, in which Post and THL together will separately capitalize 8th Avenue.[16]. We’re thriving in the center-of-the-store, foodservice, food ingredient, private brand, refrigerated and active nutrition food categories. Through its Post Refrigerated Retail business, Post offers potato, egg, sausage and cheese refrigerated side dishes products. Post spins off from Ralcorp and emerges as a standalone publicly traded company. Post acquires assets of Attune Foods, Inc., a natural and organic platform of cereal and snack brands.

We use cookies to provide you with a better experience. Like many other companies, Post Holdings withdrew its earnings guidance earlier in the year. Business unit volumes declined 42%, with egg volumes falling 39% and potato volumes declining 53%. You must have JavaScript enabled to enjoy a limited number of articles over the next 30 days. “It’s hard to neatly wrap this quarter up into a singular description, but the best I come up with is resilience,” Mr. Vitale said. We anticipate that the experience in the last several months will have a positive intermediate to long-term benefit on the trajectory of the category.”. Design, CMS, Hosting & Web Development :: From breaking news to R&D insights, we’ll send you the top stories affecting the industry. Volumes benefited from an increase in biscuit cereal products and the benefit of participation in a government-backed food initiative were partially offset by declines in drink and bar products resulting from reduced on-the-go consumption. Retail sales and volumes jumped while foodservice-related business performance suffered during the quarter. [11], On May 4, 2015, Post Holdings purchased competitor MOM Brands, maker of the Malt-O-Meal line of cereals, for $1.15 billion ($1.05 billion cash and 2.5 million shares of Post Holdings stock). “We saw volume recovery in line with expectations, and the business was profitable in June. It operates in the center-of-the-store, foodservice, food ingredient, refrigerated, active nutrition and private label categories. For more information, please see our, Disclosure: California Transparency in Supply Chains Act of 2019. Post Holdings, Inc. is a recognized leader in the consumer packaged goods industry. Since then, Post Holdings has completed several acquisitions which have transformed the company into a diversified consumer products holding company. On May 28, 2013, Post Holdings purchased the branded and private label cereal, granola and snacks business of Hearthside Food Solutions, which included the Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Company brands. Attune Foods is founded and later acquires the Uncle Sam and Erewhon cereal brands in 2009. Post acquires the predominantly private label cereal and granola business of Hearthside Food Solutions and combines it with Attune Foods. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Post, who introduces Grape-Nuts cereal, one of the first ready-to-eat cold cereals, in 1897. “This was most pronounced in Post Consumer Brands, which, because of its value portfolio, manages a relatively larger number of SKUs (stock-keeping units). “In some ways, this quarter revealed the strength of the construction of our portfolio.”. “As you all know, the ready-to-eat cereal category has struggled in recent years. ST. LOUIS – Post Holdings’ portfolio of retail and foodservice businesses had the expected effect on earnings during the third quarter of fiscal 2020. Hormel Foods challenged by foodservice weakness, COVID costs, J.M.