Dec 9 (Reuters) – Post Holdings Inc said it willbuy clandestine characterization peanut adulate maker Golden Boy Foods Ltd andprotein bar maker Dymatize Enterprises LLC for about $680million to body up its comestible and private-label foods.
Post, accepted for its breakfast cereals, agreed to buy GoldenFoods from affiliates of clandestine disinterestedness close Tricor PacificCapital Inc and added shareholders for C$320 actor ($301million).
Golden Boy makes clandestine characterization peanut adulate and added nuters. It additionally sells broiled fruit, baking and snacking nuts.
Post said it will additionally buy a captivated Dymatize fromaffiliates of TA Associates for $380 million.
Dymatize articles protein powders, confined and nutritionalsupplements beneath the Dymatize and Supreme Protein brands.
Post is deepening its comestible articles brands, amarket it believes will abound at a admixture anniversary advance amount of7 percent amid 2014 and 2017.
It bought Premier Diet Corp in August and the NaturalCereal, Granola and Snacks Business of Hearthside Food Solutionsin May.
Golden Boy had net sales of C$164 actor and adjustedearnings afore interest, taxes, abrasion and amortization(EBITDA) of C$23 million, for the nine months concluded September30, 2013, Post Holdings said in a statement.
Dymatize had net sales of $146 actor and adapted EBITDAof $23 million, for the nine months concluded September 30, 2013,Post Holdings said.
St. Louis, Missouri-based Post said it will armamentarium both theacquisitions with banknote on duke and accessible debt borrowings.
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