Tree house sells ready-to-eat cereal business to Post Holdings for US$85m

US – TreeHouse Foods, a leading multinational food processing company based in the US, has simultaneously signed a definitive agreement and completed the sale of its ready-to-eat cereal business to Post Holdings for $85 million. The deal encompasses the entire ready-to-eat cereal business which includes two manufacturing facilities, in Lancaster, Ohio and Sparks, Nevada. The facilities are reported to have production capabilities spanning batch and extruded products. The transaction also includes a research and development facility in Sauget, Illinois, as well as inventory valued at approximately US$30 million. “This transaction…

Read More