Categories / News / Supplier News / Cereal / Snacks

Post Set To Add Private Label Business

May 14, 2013
/ Print / Reprints /
ShareMore
/ Text Size+

When Post Holdings conducted a call Monday to announce its quarterly earnings, it also was the company’s first public comment since announcing a deal to buy private label and branded businesses from Hearthside Food Solutions for $158 billion in cash.

The move adds to private label capabilities already at Post in its ready-to-eat units, and President Terry Block said on the call that Post would immediately look to add to its private label business.

“They're a provider of cereals, granolas and snacks to a diverse customer base, and their natural specialty and conventional channels consisting of proprietary brands and significant private-label brands, serving a portfolio of preeminent, specialty and conventional retailers,” Block said, according to transcripts of the call from Seeking Alpha.

Post bought the organic and natural cereal, granola, and snacks businesses from Hearthside and will look to combine that with its recently acquired Attune Foods business to create a division for organic, natural and non-GMO-verified cereal and adjacent categories.

“Additionally, management will continue to aggressively acquire new private-label customers further solidifying their vendor leadership position in the category, while potentially adding the ability to represent the Post RTE private-label capabilities to their arsenal and client list,” Block said, according to the Seeking Alpha transcripts.

Post was spun off from Ralcorp Holdings at the beginning of 2012. It bought Attune Foods in December.

Did you enjoy this article? Click here to subscribe to Private Label Buyer.

Recent Articles by Chris Freeman

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

September 2014 New Food Products

This month's new food products include cane sugars, barbeque sauce, condiments in squeeze bottles, cinnamon snack seasoning, and jalapeno tzatziki, ice cream, herb toasts, corn puffs, instant coffee, coconut water, and a water enhancer.

Podcasts

Coming with a clear, comprehensive plan was the key to success for Longo Brothers Fruit Markets when the grocer decided to roll out a two-tier private label strategy, Jenny Longo and Robert Koss tell PLBuyer editor Chris Freeman in this podcast.

More Podcasts

Private Label Buyer Magazine

PLB September 2014 cover

September 2014

The September 2014 issue of Private Label Buyer includes a convenience channel update, as well as category insights on frozen store brand trends and health and beauty items. Check it out today!

Table Of Contents Subscribe

Private Label Segments

Which segment of private label will see the biggest growth over the next year?
View Results Poll Archive

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

PLB Marketplace

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40pxgoogle+ icon 40px