date:May 06, 2019
US-based packaged foods manufacturer TreeHouse Foods has agreed to divest its ready-to-eat (RTE) cereal business to consumer packaged goods company Post Holdings.
Financial details of the deal have not been disclosed. According to Post, the acquisition is expected to be funded with cash on hand.
The RTE cereal business is based in St Louis, Missouri, and registered sales of approximately $260m in 2018.
According to the transaction, nearly 400 hourly and 100 salaried employees will be transfer