Post Holdings to Acquire Potato Products of Idaho

The consumer packaged products holding company Post Holdings, Inc. has said that it has reached an agreement to purchase Potato Products of Idaho, L.L.C. (PPI). The transaction's financial information remained confidential.

PPI produces and distributes frozen and chilled potato products. The deal includes a manufacturing facility in Rigby, Idaho. Subject to standard closing conditions, the transaction is anticipated to be finalized in Post's second quarter of fiscal year 2025 or the first calendar quarter of 2025.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, food service, and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods, and Bob Evans Farms. Post Consumer Brands is a leader in the North American ready-to-eat cereal and pet food categories and markets Peter Pan peanut butter. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the food service and retail channels.

Certain matters discussed in this news info are forward-looking statements. These forward-looking statements are made based on known events and circumstances at the time of release, and as such, are subject to uncertainty and changes in circumstances. These forward-looking statements include the anticipated timing of completion of the acquisition. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include risks relating to the timing and ability to satisfy the closing conditions for the proposed acquisition, the occurrence of any event, change, or other circumstance that could delay the closing of the proposed acquisition and other risks and uncertainties described in Post's filings with the Securities and Exchange Commission. These forward-looking statements represent Post's judgment as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements. All forward-looking statements in this release are entirely qualified by this cautionary statement.