St. Louis-based Ralcorp Holdings initiates a strategic restructuring of its business to boost organizational effectiveness and reduce costs. The company will consolidate its cereal, pasta and snacks, sauces and spreads businesses into a single center-store, private-brand food company.
If making food bars were a final exam, the cereal and the energy bar makers each would be called out for copying. Both categories are drawing product innovation inspiration from each other these days, and unlike in school, the tactic seems to be working out well.