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St. Louis-based Ralcorp Holdings, Inc. announced Feb. 6 that it has completed its separation of Post Holdings, Inc., turning itself into a pure play private label processor.
Stockholders of Ralcorp received one share of Post common stock for every two shares of Ralcorp common stock held on Jan. 30, 2012.
“Going forward, Ralcorp will be able to place even greater focus on expanding our private-brand market positions and driving the best possible performance for our businesses. We believe the separation unlocks value for shareholders and best positions both Ralcorp and Post for future success,” says Kevin Hunt, chief executive officer and president of Ralcorp, in a statement.
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 after Ralcorp announced it would spinoff Post Holdings, Inc.