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ST. LOUIS - Post Holdings, Inc. (NYSE:POST) has completed its acquisition of 8th Avenue Food & Provisions, Inc., the company announced Tuesday.
The transaction, which was previously announced, closed effective July 1, 2025, according to a press release statement from the consumer packaged goods holding company. According to InvestingPro analysis, Post Holdings maintains a strong financial position with liquid assets exceeding short-term obligations.
Post Holdings is headquartered in St. Louis, Missouri, and operates businesses across multiple food categories including center-of-the-store, refrigerated, foodservice and food ingredients. The company’s portfolio includes Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms.
Post Consumer Brands operates in the North American branded and private label ready-to-eat cereal, pet food, peanut butter and pasta categories. The company’s Weetabix division holds the top-selling ready-to-eat cereal brand in the United Kingdom, while Michael Foods and Bob Evans Farms provide egg and refrigerated potato side dish products to foodservice and retail channels.
The company did not disclose financial terms of the acquisition in its announcement.
In other recent news, Post Holdings has announced significant developments that have caught the attention of investors. The company recently acquired 8th Avenue Food & Provisions for $880 million, a move expected to add approximately $1 billion in annual revenue, increasing Post’s pro forma sales to around $9 billion. This acquisition is anticipated to enhance EBITDA stability and contribute to the company’s free cash flow. Moody’s Ratings has confirmed that Post Holdings’ ratings remain stable post-acquisition, with the company’s liquidity expected to remain strong.
Analyst firms have reacted positively to these developments. Stifel reiterated its Buy rating on Post Holdings, maintaining a price target of $130, citing confidence in the company’s strategic direction and business strength. Piper Sandler raised its price target to $150, highlighting potential upside in Post’s Foodservice segment and increased EBITDA estimates for fiscal 2025 and 2026. Evercore ISI also raised its price target slightly to $131, maintaining an Outperform rating based on the anticipated positive impact of the 8th Avenue acquisition.
The acquisition is strategically beneficial for Post, as it complements its existing product portfolio and addresses upcoming debt maturities for 8th Avenue. Despite challenges faced by 8th Avenue in the private label segment, the acquisition is expected to diversify Post’s portfolio across various retail and foodservice categories. Analysts have adjusted their estimates for Post’s future performance, reflecting the anticipated contributions from the acquisition.
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