Post Stocks Cupboard With $158M PE-Backed Cereal Buy

Law360, New York (May 9, 2013, 6:22 PM EDT) -- Post Holdings Inc. will pay $158 million for some of Wind Point Partners LLC's cereal manufacturing business, continuing its push into premium, all-natural products and offering Wind Point a partial exit for a 4-year-old investment, Post said Thursday.

Post will acquire five cereal lines from Hearthside Food Solutions, which Wind Point put together through a string of acquisitions beginning in 2009. Hearthside has grown into one of America's largest contract bakeries, producing cereal, cookies, pretzels, chips and other snacks, most of which get sold to food...
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