Post Holdings snaps up 8th Avenue Food & Provisions
The acquired company makes nut butters, granola, snack nuts, and more.
Photo: Polina Tankilevitch/Pexels
Post Holdings, Inc., a consumer packaged goods holding company, announced it has signed a definitive agreement to acquire 8th Avenue Food & Provisions, Inc. Post will extinguish the outstanding net debt of 8th Avenue and acquire all equity interests for a net payment of approximately $880 million. 8th Avenue’s categories include branded and private-label dry pasta and private-label nut butters, granola, snack nuts, trail mixes, baking nuts, and dried fruits.
"With this acquisition, we further our strategy of tactical private label positioning alongside leading brands. I am pleased to welcome back the approximately 1,580 employees of 8th Avenue who will join us as Post colleagues," says Rob Vitale, president and CEO, Post.
The acquisition internalizes the manufacturing of Post’s Peter Pan peanut butter, represents Post’s entry into the dry pasta category with brand Ronzoni, and enables greater participation in the growing granola sub-category of ready-to-eat cereal. The acquisition is expected to be completed on July 1, Post’s fourth quarter of fiscal year 2025, subject to closing conditions.
Post will acquire 8th Avenue for approximately $880 million, which includes the assumption of $111 million of finance leases. The remainder of the purchase price will be paid in cash to retire existing debt. Upon closing of the acquisition, the financial results of 8th Avenue will be reported in the Post Consumer Brands segment.
Post Holdings is on the current Snack Food & Wholesale Bakery “Top 50 Snack & Bakery Companies” list. Click here to view the current “Top 50” rankings.
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