Post Holdings has made the decision to sell the pasta portion of its 8th Avenue Food & Provisions division to Richardson Holdings, just two months after acquiring the Ronzoni brand for $880 million. The deal will see Richardson Holdings pay Post $375 million in cash and assume around $80 million in leaseback financial liabilities. Post Holdings will retain the nut butters, fruit and nut products, and granola portion of the 8th Avenue portfolio.
The transaction is expected to close in Post’s first fiscal quarter of 2026 and includes three production facilities located in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia. Approximately 500 employees from 8th Avenue will join Richardson Holdings after the sale.
Post’s decision to quickly offload the pasta business indicates that the company is more focused on its existing food portfolio, which includes products like peanut butter, cereal, potatoes, and eggs. The remaining products acquired from the 8th Avenue transaction will be integrated into Post Consumer Brands, which includes popular brands like Honey Bunches of Oats, Pebbles cereals, Peter Pan peanut butter, and Kibbles ‘n Bits pet food.
This move comes after a series of active months for Post Holdings, including the acquisition of Potato Products of Idaho, a manufacturer and packager of refrigerated and frozen potato products, and the announcement of the closure of cereal manufacturing facilities in Cobourg, Ontario, and Sparks, Nevada. Post has also seen changes in its executive ranks, with Nicolas Catoggio set to become the company’s chief operating officer following the departure of Jeff Zadoks in January. Catoggio currently oversees Post Consumer Brands.
Overall, Post Holdings’ sale of its pasta business to Richardson Holdings reflects the company’s strategic focus on its core food portfolio and ongoing efforts to streamline its operations and leadership structure.
