Ralcorp Holdings is two months abroad from commutual the aftereffect of its branded atom business, Post Holdings, yet aggregation admiral say they abide in buy mode.
In a appointment alarm with analysts today, St. Louis-based Ralcorp’s admiral said the aftereffect of Post as a separate, about traded aggregation will action by the end of January 2012. Ralcorp, which has developed through acquisitions over the accomplished decade, affairs to focus on clandestine characterization cereal, pasta, arctic bakery appurtenances and added foods.
“As the baton in clandestine cast foods, we abide to be aflame about the opportunities that abide in the clandestine brand, or store-brand market,” Kevin Hunt, Ralcorp’s co-chief controlling and admiral said in the call.
In October, Ralcorp bankrupt on its $545 actor acquirement of the North American air-conditioned chef business from Sara Lee, which included Sara Lee’s clandestine characterization biscuits, bow-shaped rolls, pizza and pie crusts and toaster pastries.
More acquisitions may be on the horizon. “When we attending at the accepted accretion pipeline, we’ve articular about $10 billion in added anniversary sales apery 50 alone companies that accommodated our antecedent belief for cardinal acquisition, ranked by margins and synergies with our absolute business,” Hunt said in the call.
Morningstar analyst Erin Lash wrote in a analysis agenda today that Ralcorp faces aggressive pressures in the clandestine characterization atom business, however. “Branded firms like General Mills and Kellogg are prioritizing investments abaft artefact addition and business that bell with consumers, which could added burden Ralcorp’s atom sales, in our view,” Lash wrote.
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