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Post Holdings to sell pasta business to Richardson for $375M in cash

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Sat, Aug 30, 2025, 9:05 AM 1 min read

Post Holdings (POST) announced that it has entered into a definitive agreement to sell the pasta business of 8th Avenue Food & Provisions to Richardson Holdings Limited. In the transaction, Richardson will pay $375M in cash and assume approximately $80M in leaseback financial liabilities. The transaction is expected to close in Post’s first fiscal quarter of 2026, subject to customary closing conditions. Post acquired 8th Avenue on July 1, 2025, and subsequent to this transaction will retain 8th Avenue’s nut butters, fruit and nut products and granola businesses which are expected to be integrated into the Post Consumer Brands segment. Post expects that the nut butters, fruit and nut products and granola businesses will contribute approximately $45M-50M in Adjusted EBITDA in fiscal year 2026 before the realization of cost synergies, which Post management expects to be at an annual run rate of approximately $15M by the end of fiscal year 2026. This results in a synergized acquisition multiple for the remaining business that is below 7 times synergized Adjusted EBITDA, in line with Post’s synergized acquisition multiple presented in conjunction with its 8th Avenue acquisition announcement on June 3, 2025.

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