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- RESEARCH & AWARDS
Ralcorp Holdings, Inc. announced Jan. 17 that its board of directors had approved the separation of its subsidiary Post Cereals.
"We are pleased with the progress of our separation plans for Ralcorp and Post. The separation will enable both companies to focus on their respective business strategies, while allowing investors to select discrete themes in terms of branded and private-brand foods," said William P. Stiritz, chairman of St. Louis-based Ralcorp's board of directors, in an announcement.
Ralcorp had been the focus of much financial interest in 2011 as competitor ConAgra Foods attempted multiple times to buy out the company. ConAgra finally withdrew its bid last September.
Earlier this month, Wells Fargo rated Ralcorp’s stock at “market perform” and noted that it expected the company’s earnings to increase as it refocuses its core competencies in acquiring, integrating and operating private label food businesses.