Post Holdings sells pasta business to Richardson for $375m

Nov - Food Bev - Website Banner - TIJ vs TTO 300x250.gif

Access more as a FoodBev subscriber

Sign up to FoodBev and unlock more insights from the international food and beverage industry. Subscribers have access to webinars, newsletters, publications and more...

Subscribe now >

Melissa Bradshaw

2 September 2025

Food

Post Holdings sells pasta business to Richardson for $375m

Post Holdings has entered into an agreement to sell the pasta business of its 8th Avenue Food & Provisions subsidiary to food group Richardson.

The transaction will see Richardson pay $375 million in cash and assume approximately $80 million in leaseback financial liabilities. It will expand Richardson’s food and ingredients presence in the US, adding new production sites and brands to its portfolio.

As part of the deal, Richardson will acquire Post Holdings’ manufacturing facilities in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia. It will also take ownership of well-known pasta brands such as the Ronzoni retail brand.

Richardson is headquartered in Manitoba, Canada, and operates as a vertically integrated processor and manufacturer of oats, durum and canola-based products.

By integrating further down the value chain into pasta, Richardson will strengthen its ability to connect its position in North American durum origination and milling to the production of finished pasta products.

Post acquired 8th Avenue on 1 July 2025 in a deal worth $880 million. The company will retain 8th Avenue’s nut butters, fruit and nut products and granola businesses, which are expected to be integrated into Post’s consumer brands segment.

Darwin Sobkow, president and CEO of Richardson International, commented on the acquisition: “The handling and milling of durum wheat is a core strength of our business, and the opportunity to extend our reach into pasta builds directly on that foundation”.

Approximately 500 employees from 8th Avenue will join Richardson following the transfer of shares. Richardson, which has a workforce of over 3,600 people worldwide, said its future strategy will emphasized innovation and growth in both retail and foodservice pasta markets.

The transaction is expected to be completed during Post’s first fiscal quarter of 2026, subject to customary closing conditions.