The Joplin Globe, Joplin, MO


May 9, 2013

Post buying Hearthside Food business for $158M

ST. LOUIS — Cereal maker Post Holdings Inc. is buying the branded and private label cereal, granola and snacks business of Hearthside Food Solutions for $158 million, partly as a way to broaden its presence in the cereals category.

Post’s existing cereal brands include Honey Bunches of Oats, Post Raisin Bran and Grape-Nuts.

The deal will give Post access to brands such as Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola Co. as well as the private label granola business of Hearthside.

The buyout includes a manufacturing plant and a finished goods warehouse in Eugene, Ore. The facilities will be leased by Post.

Post said Thursday that it plans to combine the Hearthside business with Attune Foods, a ready-to-eat cereal business Post purchased in December. The combined business will continue to have a presence in Eugene, Ore., and will also have offices in Phoenix and San Francisco.

The deal is expected to close by June.

Shares of Post Holdings, which is based in St. Louis, added 83 cents, or 1.8 percent, to $46.31 in afternoon trading after rising to an all-time high of $47.80 earlier.


Text Only

Given that the U.S. Supreme Court has ruled that electronic devices and communications are protected from searches and seizure without a warrant, do you think Missouri needs Amendment 9 added to its constitution?

A. Yes.
B. No.
     View Results
Twitter Updates
Follow us on twitter
NDN Video
Raw: Japanese Soldiers Storm Beach in Exercises Raw: Weapons Fire Hits UN School in Gaza Raw: Rocket Launches Into Space With Cargo Ship Broken Water Main Floods UCLA Two Women Narrowly Avoid Being Hit by Train In Virginia, the Rise of a New Space Coast New Sanctions on Key Sectors of Russian Economy Crayola Announces Family Attraction in Orlando US Ready to Slap New Sanctions on Russia Kerry: Not Worried About Israeli Criticism Boater Rescued From Edge of Kentucky Dam Girl Struck by Plane on Florida Beach Dies Rodents Rampant in Gardens Around Louvre House to Vote on Slimmed-down Bill for Border Looming Demand Could Undercut Flight Safety Raw: 2 Shells Hit Fuel Tank at Gaza Power Plant Raw: Massive Explosions From Airstrikes in Gaza Giant Ketchup Bottle Water Tower Up for Sale Easier Nuclear Construction Promises Fall Short Kerry: Humanitarian Cease-fire Efforts Continue