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US: Post cereal takes a bit out of Premier Nutrition

By  |  August 7, 2013

Post Holdings, which makes ready-to-eat cereal products including Cocoa Pebbles and Honey Bunches of Oats, announced Tuesday it entered into an agreement to acquire Premier Nutrition Corporation for $180 million. In a statement, Post said the buyout of PNC, which focuses on protein and nutritional food products, will allow Post to expand its portfolio into the nutrition and supplements business; CEO Bill Stiritz said the company is eager to enter into a market it considers “high growth and dynamic.” The acquisition remains subject to regulatory approval.

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