date:Aug 12, 2014
US-based consumer packaged goods company Post Holdings has signed a stock purchase agreement to acquire American Blanching.
As part of the deal, Post will pay $128m on a cash-free, debt-free basis, subject to working capital and other adjustments.
Post plans to combine Georgia-based American Blanching with its Golden Boy Foods unit, which comprises peanut and other nut butter business.
Post Holdings chairman and chief executive William Stiritz said: We are pleased with the progress at Golden