POST HOLDINGS TO ACQUIRE ALMARK FOODS

ST. LOUIS, Dec. 14, 2020 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced that it has agreed to acquire Almark Foods (“Almark”).

Almark is a leading provider of hard-cooked and deviled egg products, offering conventional, organic and cage-free products. Its products are distributed broadly across retail outlets, including in the perimeter-of-the-store and the deli counter, as well as to foodservice distributors. Almark operates a hard-cooked egg facility in Yuma, Arizona. Upon completion of the acquisition, Almark will be combined with Post’s existing Michael Foods egg business. The financial results of Almark are expected to be split between Post’s Foodservice and Refrigerated Retail segments.

Final terms of the transaction were not disclosed. The transaction is expected to be completed in the first calendar quarter of 2021 (Post’s second fiscal quarter of 2021), subject to customary closing conditions.