Latest news with #THL
Wall Street Journal
7 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.
NZ Herald
22-05-2025
- Business
- NZ Herald
How Tourism Holdings circumvented US-Canada tariffs
Bookings for motorhome rentals in the United States have dropped by as much as 50%, as inbound tourism into the country falls following tariffs, according to Tourism Holdings. 'The high season is looking like it will be challenging [in the US],' THL chief executive Grant Webster told Markets with Madison. A recovery could occur if Americans decided to travel domestically and rent motorhomes, he said. 'We'll have to wait and see because the domestic market books really late. 'I think that pullback that we're seeing is, in essence, a timing delay. I think people who were going to go to the US are still either going to travel somewhere, or they're going to travel to the US at a later time.'
