Post Holdings To Acquire Perfection Pet Foods For $235M
Portfolio Pulse from Benzinga Newsdesk
Post Holdings, Inc. (NYSE:POST) has agreed to acquire the assets of Perfection Pet Foods, LLC for $235 million. The acquisition includes two manufacturing facilities in Visalia, California, which will provide Post with additional manufacturing capacity to insource a portion of its current pet food business. Post management expects Perfection to contribute approximately $25 million of Adjusted EBITDA in the next 12 months following the close of the acquisition. The acquisition is expected to be completed late in the fourth calendar quarter of 2023.
October 10, 2023 | 12:46 pm
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Post Holdings' acquisition of Perfection Pet Foods could provide additional manufacturing capacity and contribute to its EBITDA. The deal is expected to close in Q4 2023.
The acquisition of Perfection Pet Foods by Post Holdings is expected to provide additional manufacturing capacity and contribute to its EBITDA, which could potentially boost its financial performance and stock price. However, the deal is still subject to customary closing conditions and is expected to be completed late in the fourth calendar quarter of 2023.
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