date:Aug 10, 2012
nd the North American footprint of its Gelit business to foster growth in the segment.
The companys Cereal business tumbled 36% in operating profit on inefficiencies at its Bloomfield Bakers plants. Cereal volumes also fell 10% due to the exit of an unnamed co-pack customer in the Bloomfield Bakers business.
Profit in Ralcorps largest business segment: Snack, Sauces, and Spreads remained essentially flat at $32.8m, while profits in frozen bakery rose on the strength of Racorps Refrigerated Dou