St. Louis / MO. (rh) Ralcorp Holdings Inc. announced that it has acquired North American Baking Limited, formerly known as PL Foods Limited, a leading manufacturer of premium private label specialty crackers in North America with annual net sales of approximately 56,7 million USD. North American Baking will continue its operations in Georgetown, Ontario (near Toronto).
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 customers in the U.S., Canada and Great Britain with annual net sales of approximately 38,5 million USD. J.T. will continue its operations in Kitchener, Ontario.
Both of these transactions were completed on May 31, 2010 and are part of the company´s Snacks, Sauces + Spreads segment. Ralcorp anticipates the transactions will be slightly accretive during the remainder of its 2010 fiscal year.
Kevin J. Hunt, Co-Chief Executive Officer and President of Ralcorp Holdings Inc.: «We welcome the North American Baking and J.T. Bakeries management teams and employees to the Ralcorp family. 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».
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Greggs: announces new National Distribution Centre
- Greencore: announces H1-2024 trading update
- Orkla ASA: reports strong profit improvement in Q2-2024
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings