Ralcorp Holdings Completes Purchase of Harvest Manor Farms
Harvest Manor Farms will become a key part of our snack nut business and will enhance Ralcorp's snack nut product offerings and nationwide manufacturing footprint.
24/03/09 Ralcorp Holdings, Inc. announced that it has acquired Harvest Manor Farms, a leading manufacturer of high quality private label and Hoody's branded snack nuts with annual net sales of approximately $180 million. Harvest Manor Farms will continue its operations in El Paso, Texas. Ralcorp anticipates the transaction will be slightly accretive during the remainder of its 2009 fiscal year. Terms of the transaction were not disclosed.
Kevin J. Hunt, Co-Chief Executive Officer and President of Ralcorp Holdings, Inc., said, "We welcome the Harvest Manor Farms management team and employees to the Ralcorp family. Harvest Manor Farms will become a key part of our snack nut business and will enhance Ralcorp's snack nut product offerings and nationwide manufacturing footprint."
Ralcorp produces Post branded cereals, a variety of value brand and store brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers. Ralcorp's diversified product mix includes: ready-to-eat and hot cereals; nutritional and cereal bars; snack mixes; corn-based chips and extruded corn snack products; crackers and cookies; snack nuts; chocolate candy; salad dressings; mayonnaise; peanut butter; jams and jellies; syrups; sauces; frozen griddle products including pancakes, waffles, and French toast; frozen biscuits and other frozen pre-baked products such as breads and muffins; and frozen dough for cookies, Danishes, bagels and doughnuts. In addition, Ralcorp holds an interest of approximately 17 percent in Vail Resorts, Inc., the leading mountain resort operator in the United States.
