Ralcorp

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Ralcorp Holdings, Inc.

Ralcorp Holdings is a manufacturer of various food products, including

private-label, store-brand products. It has over 9,000 employees.[1] Ralcorp has its headquarters in the Bank of America Plaza in downtown St. Louis.[2]

History and description

A 1922 newspaper advertisement for Ralston Whole Wheat cereal

Originally part of

crisp bread
.

Purchase by ConAgra

In 2011, Ralcorp received an offer for the company from

ConAgra Foods. Ralcorp resisted the attempt. Ralcorp also announced it was spinning off its Post Foods unit.[6] The spinoff was completed in 2012.[7] On November 27, 2012, ConAgra officials announced they were purchasing Ralcorp, pending Ralcorp shareholder approval, for about $4.95 billion. Stockholders of Ralcorp Holdings Inc. would receive $90 per share. The acquisition was completed in January 2013.[8] The acquisition made ConAgra the largest private-label packaged food business in the United States at that time.[9]

Purchase by TreeHouse Foods, Inc

On February 1, 2016, TreeHouse Foods announced that it completed the acquisition of ConAgra Foods' private brands operations. "TreeHouse paid $2.7 billion in cash plus transaction expenses for the business and financed the transaction through the closing of its previously announced offerings of $775 million in aggregate principal senior notes due 2024 with a 6.0% annual interest rate and common stock issuance of 13.3 million shares at a price of $65 per share (which includes the exercise, in full, of the overallotment option), aggregating $862.5 million in gross proceeds. The remainder of the purchase price was financed under the Company's revolving credit facility."[10] The rumor of the deal broke in October 2015. According to a FoodProcessing.com article from 10/23/2015:"TreeHouse Foods is rumored to be in advanced talks to purchase the Ralcorp business from ConAgra Foods in a deal valued at $2.5- to $2.7 billion, according to a report from Reuters." This was a huge loss from the $5.1 Billion ConAgra paid for Ralcorp two years earlier.[11]

Purchase by Post Holdings

On June 1, 2021, Post Holdings announced it acquired the ready-to-eat ("RTE") cereal business of TreeHouse Foods.[12]

Subsidiaries

  • American Italian Pasta Company (acquired 2010)[13][14]
  • Ralcorp Frozen Bakery Products[15]
    • Bakery Chef (acquired 2003)[16]
    • Cottage Bakery (acquired 2006)[17]
    • Earl of Sandwich frozen breads[18][19]
    • Krusteaz frozen products[20] (acquired from Continental Mills in 1999 by Bakery Chef)[21]
    • Lofthouse Foods (acquired 2002)[22]
    • Panne Provincio
  • Ralcorp Snacks, Sauces and Spreads
    • Bremner Food Group (acquired 1978)
    • Carriage House Companies (formed 2000)
  • Ralston Foods[23]
    • Bloomfield Bakers/Lovin Oven LLC[24] (acquired 2009)

See also

References

  1. ^ "Symbol Lookup from Yahoo! Finance".
  2. ^ "TreeHouse Foods - Welcome". Archived from the original on 2010-01-13. Retrieved 2010-01-18.
  3. ISBN 1-58046-098-4
  4. ^ "Pushing Pet Nutrition Forward - Purina® Pet Food & Products". Retrieved October 25, 2016.
  5. ^ "Ralcorp Announces Completion of Post Cereals Merger". Ralcorp Holdings, Inc. Archived from the original on December 18, 2008. Retrieved September 8, 2008.
  6. ^ Boyle, Matthew (July 14, 2011). "Ralcorp to Spin Off Post Foods After Failing to Find Buyer". Bloomberg.
  7. ^ "Ralcorp Completes Separation of Post Cereals Business". Ralcorp Holdings, Inc. February 6, 2012. Archived from the original on June 25, 2012. Retrieved September 6, 2012.
  8. ^ "ConAgra Foods Completes Acquisition of Ralcorp - News Room - ConAgra Foods". conagrafoods.
  9. ^ "ConAgra Foods to make big purchase". Associated Press via KTVO-TV. November 27, 2012. Retrieved November 28, 2012.
  10. ^ Inc., TreeHouse Foods. "TreeHouse Foods Completes the Acquisition of ConAgra's Private Brands Business". www.prnewswire.com (Press release). Retrieved 2017-02-23. {{cite press release}}: |last= has generic name (help)
  11. ^ Hartman, Lauren R. "TreeHouse Foods In Talks to Buy ConAgra's Ralcorp". Retrieved 2017-02-23.
  12. ^ "Post buys TreeHouse Foods' ready-to-eat cereal business for $85M". Food Dive. Retrieved 2021-06-07.
  13. ^ "Ralcorp to buy American Italian Pasta for $1.2 billion". Reuters. 2010-06-21. Retrieved 2020-04-23.
  14. ISSN 0362-4331
    . Retrieved 2020-04-23.
  15. ^ "TreeHouse Foods Frozen - Home". Archived from the original on 2015-04-27. Retrieved 2015-05-31.
  16. ^ "The deal: Ralcorp Holdings Inc. acquires Bakery Chef". St. Louis Business Journal. December 14, 2013.
  17. ^ Reed Fujii. "Lodi's Cottage Bakery sells for $170.8 million". recordnet.com.
  18. ^ "Ralcorp Frozen - Premium Deli Breads". Archived from the original on 2015-02-20. Retrieved 2015-05-31.
  19. ^ "Earl of Sandwich premium deli breads" (PDF). ralcorpfrozen.com. Archived from the original (PDF) on 2016-03-04. Retrieved 2015-05-31.
  20. ^ "Ralcorp Frozen - Home". Archived from the original on 2015-02-20. Retrieved 2015-05-31.
  21. ^ "Bakery Chef acquisitions fuel growth". St. Louis Business Journal. January 10, 2000. [dead link]
  22. ^ "TreeHouse Foods - Welcome". Archived from the original on 2011-10-25. Retrieved 2012-01-02.
  23. ^ Ralston Foods. "Ralston Foods". Archived from the original on 2015-05-08. Retrieved 2015-05-31.
  24. ^ "Bloomfield Bakers - Cookies, Cereals, Crackers, Bars, Mixes". Archived from the original on 2013-11-03. Retrieved 2013-11-01.

External links

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