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Associated Press
15-05-2025
- Business
- Associated Press
Post Consumer Brands Employee-Driven "Ingredients for Good" Initiative Provides Over 91,000 Meals for People and Pets Experiencing Food Insecurity Across the United States and Canada
LAKEVILLE, Minn., May 15, 2025 /PRNewswire/ -- To celebrate National Volunteer Month, Post Consumer Brands employees from 18 U.S. and Canadian locations united for the company's fourth-annual volunteer initiative, Ingredients for Good, contributing more than 67,000 meals and snack packs and 24,000 pet food packs to local families facing food insecurity. 'Our 'Ingredients for Good' volunteer initiative reflects our purpose to make lives better by making delicious food accessible for all, and we are pleased to continue this tradition for our fourth year,' said Nicolas Catoggio, president and chief executive officer of Post Consumer Brands. 'I'm incredibly proud of our teams' continued dedication to giving back to our local communities, not just during this month of service but year-round.' In the current economic environment, food insecurity remains a major issue in the U.S. and Canada, especially for communities of color, children and seniors, who are affected at a much higher rate. According to Feeding America, it is estimated that more than 45 million people in the U.S. and Canada experience food insecurity, with PetSmart Charities estimating that more than 30 million pets in U.S. households face hunger daily. Throughout April's National Volunteer Month, more than 1,200 Post Consumer Brands employees volunteered more than 2,000 hours to local service projects, providing support to underserved populations facing food insecurities in their communities. Hands-on projects benefited 39 local nonprofit organizations and included packing meals for families in need, serving and preparing meals for community members facing food insecurity, and more. Projects at 12 Post locations focused on supplying underserved populations with culturally relevant and familiar ingredients in collaboration with the Greater Twin Cities United Way 'Flavors of Our Community' initiative, with sites assembling pantry packs and pet packs to be distributed to local nonprofits. In addition to the local volunteer efforts, Post Consumer Brands also contributed more than $300,000 to local communities to support food access for the whole family. The 18 locations taking part in this year's Ingredients for Good initiative were Asheboro, North Carolina; Battle Creek, Michigan; Bentonville, Arkansas; Bloomsburg, Pennsylvania; Cincinnati, Ohio; Cobourg, Ontario; Dallas, Texas; Jonesboro, Arkansas; Lakeville, Minnesota; Lawrence, Kansas; Meadville, Pennsylvania; Niagara Falls, Ontario; Northfield, Minnesota; Salt Lake City, Utah; Sparks, Nevada; Toronto, Ontario; Tremonton, Utah; and Visalia, California. Many remote employees from across North America also sought out opportunities to volunteer their time during the month of April to support local nonprofits in the communities where they live and work. About Post Consumer Brands' 'Ingredients for Good' Volunteer Initiative As a company dedicated to feeding families, Post Consumer Brands believes it's our responsibility to help those facing food insecurity. We also strongly believe in creating a culture where volunteering and giving back is core to what we do. Our 'Ingredients for Good' volunteer initiative is an opportunity for Post Consumer Brands' team members to come together and do even more to help families in need put food on their tables and feed their pets. In total, Post Consumer Brands' employees put in 5,200 volunteer hours and donated or packed more than 272,000 meals and pet packs across all of the company's locations. About Post Consumer Brands Headquartered in Lakeville, Minn., Post Consumer Brands, a business unit of Post Holdings, Inc., is dedicated to providing people and their pets with delicious food choices for every taste and budget. The company's portfolio includes beloved brands such as Honey Bunches of Oats™, PEBBLES™, Grape-Nuts™ and Malt-O-Meal™ cereal and Peter Pan™ peanut butter, as well as Nutrish™, Kibbles 'n Bits™ and 9Lives™ dog and cat food. As a company committed to high standards of quality and to our values, we are driven by one idea: To make lives better by making delicious food accessible for all. For more information about our brands, visit and follow us on LinkedIn for the latest news. Media Contact Taylor Campbell 215-790-4374 [email protected] View original content to download multimedia: SOURCE Post Consumer Brands
Yahoo
11-04-2025
- Business
- Yahoo
Post to shutter 2 cereal plants, cut 300 jobs
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. Post Holdings plans to close cereal manufacturing facilities in Cobourg, Ontario, and Sparks, Nevada, as the breakfast staple continues to struggle. The facilities, which collectively employ approximately 300 workers, are expected to close by the end of December. The broader cereal segment has struggled as consumers turn to low-carb diets, cut sugar or shift to more convenient and portable foods, such as protein bars and yogurt. IBISWorld estimated cereal revenue will decline 1.7% to $11.8 billion in 2025. During its earnings call in February, Post said changing consumer preferences and niche brands with better-for-you ingredients have chipped away at the market share of the cereal giants. Cereal volumes during Post's recent quarter declined 2.3%. The St. Louis company behind Honey Bunches of Oats and Fruity Pebbles is now taking steps to bring its production in line with consumer demand. "The ready-to-eat cereal category continues to decline,' Nicolas Catoggio, CEO of Post Consumer Brands, said in a statement. 'To respond to this, we are reducing excess manufacturing capacity and optimizing our North American plant network to better utilize our production capacity." Post expects to transfer production to other Post Consumer Brands facilities and face pretax charges of $63.5 million to $67.5 million due to the closures and job cuts. Post said the Ontario facility has been run by the company since July 2017, when it acquired Weetabix. The Nevada location has been part of the business since June 2021, when Post purchased the Treehouse Foods ready-to-eat cereal business. A year after the acquisition, Post announced it would spend up to $110 million to expand cereal production capacity at the Nevada facility, but it never moved forward with the project. Recommended Reading Post to spend up to $110M to expand cereal production capacity at Nevada facility Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Post Holdings to close two cereal plants in North America
US food major Post Holdings is to shut two of its cereal manufacturing facilities in North America, pointing to a "declining" market for ready-to-eat cereals. In a filing with the US Securities and Exchange Commission (SEC) yesterday (9 April), Post Holdings said the closure of the facilities in Ontario and Nevada is part of its plans 'to reduce capacity in its cereal production network'. The company said the facilities in Cobourg and Sparks employ approximately 300 people in total. The facilities are part of Post Holdings' Consumer Brands segment, which saw a 2.5% decline in net sales, totalling $963.9m, in the first quarter of fiscal year 2025. The segment primarily comprises North American ready-to-eat cereal, pet food and peanut butter. Post Consumer Brands president and CEO Nicolas Catoggio said: 'The ready-to-eat cereal category continues to decline. To respond to this, we are reducing excess manufacturing capacity and optimising our North American plant network to better utilise our production capacity.' Production at the affected facilities will be 'transferred' to other Post Holdings locations, the US packaged food manufacturer said. The closure process is expected to be completed by the end of December. The Cobourg facility became part of Post Holdings' portfolio in 2017 following its acquisition of UK cereal business Weetabix. The Sparks plant was integrated into the group in 2021 through the acquisition of Treehouse Foods' ready-to-eat cereal division. Post Holdings anticipates incurring pre-tax charges ranging from $63.5m to $67.5m in connection with the closures and the transfer of operations. The company also expects to spend an additional $5m to $7m in capital expenditures to facilitate the transition, incremental to its previously announced fiscal year 2025 capex guidance range of $380m to $420m. As a result of the closures, Post Holdings projects annual cost savings of approximately $21m to $23m, starting in fiscal year 2026. In December, Post Holdings signed terms to acquire the refrigerated and frozen potato products manufacturer Potato Products of Idaho (PPI) and a manufacturing facility in Rigby, Idaho. The group has also been reported to be exploring the potential acquisition of Lamb Weston Holdings, a major US supplier of French fries. For the first quarter of fiscal year 2025, Post Holdings booked net sales of $1.97bn, a 0.4% increase compared to the same period of the previous year. Gross profit rose by 4% to $595.3m, while net earnings grew by 28.6% to $113.3m. Diluted earnings per share rose to $1.78 from $1.35 a year ago. Adjusted EBITDA for the quarter stood at $369.9m, representing a 2.9% increase from the prior year period. Looking ahead, Post Holdings updated its full-year adjusted EBITDA guidance for fiscal 2025 to between $1.42bn and $1.46bn, up from the previously forecasted range of $1.41bn to $1.46bn. "Post Holdings to close two cereal plants in North America" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Honey Bunches of Oats Maker Post To Shut Two Plants as Cereal Demand Wanes
Post Holdings said Wednesday that it is closing two of its plants, citing a decline in demand for 'ready-to-eat' cereals. Post's two plants, one in Cobourg, Ontario and the other in Sparks, Nevada, employ around 300 people combined and are expected to be shuttered by the end of the year. The cereal maker's brands include Raisin Bran, Honey Bunches of Oats, and Shredded Holdings (POST) said Wednesday that it is closing two of its plants, citing a decline in demand for 'ready-to-eat' cereals. The maker of Raisin Bran, Honey Bunches of Oats, and Shredded Wheat cereals said the two plants—one in Cobourg, Ontario and the other in Sparks, Nevada—employ around 300 people combined and are expected to be shuttered by the end of the year. Production will be instead transferred to other manufacturing sites, the company said. "The ready-to-eat cereal category continues to decline,' Post Consumer Brands President and CEO Nicolas Catoggio said. 'To respond to this, we are reducing excess manufacturing capacity and optimizing our North American plant network to better utilize our production capacity." Last month, Lucky Charms cereal maker General Mills (GIS) issued a downbeat outlook following a 'slowdown in U.S. snacking categories, and softer demand in U.S. away-from-home food channels." Post shares were little changed in recent trading. They've gained about 11% in the past 12 months. Read the original article on Investopedia Sign in to access your portfolio
Yahoo
09-04-2025
- Business
- Yahoo
Post Holdings Announces Plan to Close Cobourg, Ontario and Sparks, Nevada Facilities
ST. LOUIS, April 9, 2025 /PRNewswire/ -- Post Holdings, Inc. (NYSE: Post) ("Post"), a consumer packaged goods holding company, today announced plans to close two of its Post Consumer Brands cereal manufacturing facilities in Cobourg, Ontario and Sparks, Nevada. The planned closure of the facilities reflects Post's need to reduce capacity in its cereal production network. The two facilities together employ approximately 300 employees and are expected to close by the end of December 2025. Post Consumer Brands has notified employees of the decision. Production capabilities at the facilities will be transferred to other Post Consumer Brands manufacturing locations. Regarding the planned closure of the facilities, Post Consumer Brands President and CEO Nicolas Catoggio said, "The ready-to-eat cereal category continues to decline. To respond to this, we are reducing excess manufacturing capacity and optimizing our North American plant network to better utilize our production capacity." The Cobourg facility has been part of the Post Consumer Brands business since July 2017, when Post acquired Weetabix. The Sparks facility has been part of the business since June 2021, when Post acquired the Treehouse Foods ready-to-eat cereal business. Post currently expects to incur cash and noncash pre-tax charges totaling approximately $63.5 to $67.5 million in connection with the transfer of production capabilities to other Post Consumer Brands locations and closure of the facilities. Completion of the transfer and start-up of production at other locations is estimated to require capital expenditures of approximately $5 to $7 million, incremental to Post's previously announced capital expenditures guidance range of $380 to $420 million, in fiscal year 2025. As a result of the transfer of production capabilities to other locations and closure of the facilities, Post expects to achieve annual cost savings of approximately $21 to $23 million, starting in fiscal year 2026. Forward-Looking Statements Certain matters discussed in this release are forward-looking statements. These forward-looking statements are made based on known events and circumstances at the time of release, and as such, are subject to uncertainty and changes in circumstances. These forward-looking statements include the expected timing of the closure of the facilities, the expected amount and timing of costs associated with the closure of the facilities, the expected amount of capital expenditures associated with completion of the transfer and start-up of production at other locations, Post's fiscal year 2025 capital expenditures guidance range, the expected amount of annual cost savings and the continuing decline of the ready-to-eat cereal category. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. These risks and uncertainties include the occurrence of any event, change or other circumstance that could delay the closing of the facilities and the transfer and start-up of production at other locations, the possibility that the expected amount of costs associated with the closure of the facilities and capital expenditures associated with completion of the transfer and start-up of production at other locations could be greater than anticipated, the risk that the amount of annual cost savings could be lower than anticipated, and other risks and uncertainties described in Post's filings with the Securities and Exchange Commission. These forward-looking statements represent Post's judgement as of the date of this release. Post disclaims, however, any intent or obligation to update these forward-looking statements. All forward-looking statements in this release are qualified in their entirety by this cautionary statement. About Post Holdings, Inc. Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American ready-to-eat cereal and pet food categories and also markets Peter Pan® peanut butter. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. Post participates in the private brand food category through its ownership interest in 8th Avenue Food & Provisions, Inc. For more information, visit Contact: Investor Relations Daniel O'Rourke (314) 806-3959 Media Relations Tara Gray (314) 644-7648 View original content to download multimedia: SOURCE Post Holdings, Inc. Sign in to access your portfolio
