Latest news with #Ronzoni
Yahoo
5 days ago
- Business
- Yahoo
Cereal maker Post enters pasta business with $880M Ronzoni purchase
Cereal maker Post enters pasta business with $880M Ronzoni purchase originally appeared on Bring Me The News. Post, the foods manufacturer known for cereal brands including Malt-O-Meal and Fruity Pebbles, is entering the pasta business. St. Louis-based parent company Post Holdings announced it has bought back 8th Avenue Food & Provisions, the company it spun off in 2018. 8th Avenue was primarily known for nut butters, granola bars, nuts and dried fruit products it made for grocery chains and private label companies, but in the seven years since it was spun off from Post, it also acquired Ronzoni. Now, Post's 880 million purchase marks the company's first foray into dried pasta, with Ronzoni one of the biggest brand names in the 8th Avenue portfolio. The 8th Avenue goods will be added to the Post Consumer Brands umbrella, which is based in Lakeville, Minnesota. "With this acquisition, we further our strategy of tactical private label positioning alongside leading brands. I am pleased to welcome back the approximately 1,580 employees of 8th Avenue who will join us as Post colleagues," said Rob Vitale, President and CEO of Post. While Barilla is the undisputed No. 1 brand of dried pasta in the U.S., Ronzoni is among the biggest competitors, with grocery studies generally placing it as the 2nd-4th most popular brand among American consumers. Post says the acquisition of 8th Avenue is expected to close on July 1, with the $880 million purchase price including the assumption of $111 million of financial leases. This story was originally reported by Bring Me The News on Jun 4, 2025, where it first appeared.
Wall Street Journal
6 days ago
- Business
- Wall Street Journal
Post Holdings to Buy Ronzoni Pasta Owner 8th Avenue Food
Post Holdings agreed to buy 8th Avenue Food & Provisions, whose products include Ronzoni pasta, for $880 million, which includes assumed debt. Post formed 8th Avenue in 2018, transferring its private brands into a new business that received a cash infusion from private-equity firm THL. 8th Avenue acquired Ronzoni pasta in 2021. Post said it would extinguish the outstanding net debt of 8th Avenue and acquire all equity interests for a net payment of about $880 million. The purchase price includes the assumption of $111 million of finance leases. The acquisition internalizes the manufacturing of Post's Peter Pan peanut butter and will enhance the company's presence in granola cereal.
Business Wire
19-05-2025
- Business
- Business Wire
Founder Madeline Ronzoni to Launch First Nationwide Collection
FORT MILL, S.C.--(BUSINESS WIRE)-- has teamed up with rug artist Madeline Ronzoni, Founder of Happy Rugs, to launch her first extensive collection of modern rugs designed to bring happiness into homes. This is the first time her colorful rugs, including Ronzoni's signature hand-tufted style, will be available to consumers nationwide with a major retailer. 'We're excited to partner with Madeline Ronzoni of Happy Rugs to bring her joy-filled designs to customers nationwide,' said CEO Johnny Nassri. 'Her passion for rug design aligns perfectly with our mission to provide quality rugs.' The X Happy Rugs collection features 26 of Ronzoni's most popular and new designs in over 100 SKUs, with a variety of shapes and sizes. The collection showcases her unique approach to rug design, including Ronzoni's popular accent rugs, which are pop-art-like rugs designed to add a jolt of positive energy to interiors. The bright hues and modern art-like rugs include Happy Rugs' unexpected, playful designs, including Fluffy Flower, Fruit Salad, Iced Coffee, Cupcake, Butterfly, Rainbow Weave, Strawberry, Jawbreaker Poppy, Happy Home, and even Ronzoni's take on Boba Tea, as well as abstract prints such as Wiggles and Wavy designs. The indoor rug collection also embraces new mediums for Happy Rugs. In addition to tufted styles, the line includes Ronzoni's distinctive designs using new rug materials for the brand, such as jute. Ronzoni, who has been designing and creating rugs since 2020, is thrilled to partner with and bring her designs to a broader audience. 'I've always been passionate about creating beautiful, high-quality rugs that bring joy to people's homes,' she said. 'Working with has allowed me to take my designs to the next level and make them accessible to more people than ever before.' 'We're excited to partner with Madeline Ronzoni of Happy Rugs to bring her joy-filled designs to customers nationwide,' said CEO Johnny Nassri. 'Her passion for rug design aligns perfectly with our mission to provide beautiful, high-quality rugs. Madeline's distinctive style also provides a fresh take on rug designs that our customers appreciate.' With prices starting at $49, the Happy Rugs collection is now available exclusively on For more information, visit
