Post Holdings Inc said it will purchase private label peanut butter maker Golden Boy Foods Ltd and protein bar maker Dymatize Enterprises LLC for about $680 million to build up its nutritional and private-label foods. Post, known for its breakfast cereals, agreed to buy Golden Foods from affiliates of private equity firm Tricor Pacific Capital Inc and other shareholders for C$320 million ($301 million).Golden Boy makes private label peanut butter and other nut butters. It also sells dried fruit, baking and snacking nuts.Post said it will also buy privately held Dymatize from affiliates of TA Associates for $380 million.Dymatize manufactures protein powders, bars and nutritional supplements under the Dymatize and Supreme Protein brands.
Post Holdings, Inc. is a holding company. The Company is a manufacturer, marketer and distributor of branded ready-to-eat cereals in the United States and Canada. Shares of POST remained unchanged at $51.98. In the past year, the shares have traded as low as $33.65 and as high as $52.53. On average, 281367 shares of POST exchange hands on a given day and today's volume is recorded at 0.
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