ST. LOUIS — Post Holdings Inc. (NYSE: Post), a consumer packaged goods holding company, is acquiring the assets of Perfection Pet Foods LLC for $235 million.
Perfection is a manufacturer and packager of private label and co-manufactured pet food and baked treat products. The acquisition includes two manufacturing facilities in Visalia, CA.
The facilities “will provide Post with additional manufacturing capacity to insource a portion of its current pet food business and an entry point into the private label and co-manufacturing pet food category,” according to a press release.
The acquisition is expected to be completed late in the fourth calendar quarter of 2023, which is Post’s first quarter of fiscal year 2024. Closing of the transaction is subject to customary closing conditions.
