Post has agreed to acquire privately owned Golden Boy from affiliates of Tricor Pacific Capital and other shareholders. Golden Boy is a North American manufacturer of private label peanut and other nut butters, as well as dried fruit, baking and snacking nuts.
The company has agreed to pay CAD $320m for Golden Boy on a cash-free, debt-free basis, subject to a working capital adjustment.
Post has also entered into an agreement to acquire privately owned Dymatize from affiliates of TA Associates and other owners. Dymatize manufactures and markets premium protein powders, bars and nutritional supplements under the Dymatize and Supreme Protein brands.
The company has agreed to pay $380m for Dymatize on a cash-free, debt-free basis and subject to a working capital adjustment, with additional consideration up to $17.5m contingent upon Dymatize achieving certain profit targets in calendar year 2014.
Source: Post Holdings
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