Ralcorp Holdings, Inc. has acquired North American Baking Ltd. and J.T. Bakeries Inc. as part of its snacks, sauces and spreads segment. Both transactions were completed on May 31.
Ralcorp Holdings, Inc. has acquired two North American baking companies as part of the St. Louis-based company’s snacks, sauces and spreads segment. Both transactions were completed on May 31.
First, it purchased North American Baking Ltd., formerly known as PL Foods Ltd., a leading manufacturer of premium private label specialty crackers in North America with annual net sales of approximately $56.7 million. North American Baking, which is headquartered in Cincinnati, will continue its operations in Georgetown, Ontario.
In a separate transaction, Ralcorp acquired J.T. Bakeries Inc., a leading manufacturer of high-quality private label and co-branded gourmet crackers in North America for the United States, Canada and Great Britain with annual net sales of approximately $38.5 million. J.T. will continue its operations in its headquarters located in Kitchener, Ontario.
"We welcome the North American Baking and J.T. Bakeries management teams and employees to the Ralcorp family,” says Kevin Hunt, president and co-CEO of Ralcorp Holdings. “We believe the products manufactured by both of these companies will enhance Ralcorp's premium and gourmet cracker offerings. These transactions will allow us to continue Ralcorp's growth strategy on our existing private-label cracker platform."
Ralcorp Purchases Two North American Baking Companies
June 22, 2010