date:May 13, 2013
Post Holdings Inc. has agreed to buy the branded and private label cereal, granola and snacks businesses of Hearthside Food Solutions for $158 million in cash, Post officials announced.
Hearthside, based outside Chicago, is a portfolio company of Wind Point Partners.
The deal is expected to close by June. Post officials said the acquisition will contribute $70 million to its net sales. Brentwood-based Post, led by chairman and CEO Bill Stiritz, reported net earnings of $49.9 million in fiscal