Post Holdings, Inc. has acquired the ready-to-eat cereal business of TreeHouse Foods for $85 million, the companies said in a statement. This acquisition includes two facilities located in Lancaster, Ohio and Sparks, Nevada, which feature a wide range of production capabilities across batch and extruded products, a research and development facility located in Sauget, Illinois, as well as inventory valued at approximately $30 million.
A TreeHouse Foods spokesperson told Food Dive that with the deal closed, it can now focus on a smooth transition of the business for both employees and customers. Post declined to comment, according to the report.
Related: Mars to Acquire Kind North America; TreeHouse Foods Acquires Pasta Portfolio of Riviana Foods.
Image: Post Holdings, Inc.