Post To Buy American Blanching Co.

Aug. 11, 2014
$128 million for manufacturer of peanut butter.

Post Holdings Inc. on Aug. 7 struck a stock purchase agreement to acquire American Blanching Co., a manufacturer of peanut butter, for $128 million

American Blanching makes peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry. It operates a manufacturing facility in Fitzgerald, Ga.

Post anticipates combining American Blanching with its early 2014 acquisition Golden Boy Foods, which brought Post into the peanut and other nut butter business. The acquisition is expected to contribute $135 million in sales.

Sponsored Recommendations

Clabber Girl: Rising Success

Uncover how Clabber Girl Corporation achieved a remarkable 7% growth and improved manufacturing efficiency by seamlessly integrating Vicinity's batch manufacturing solution with...

Intelligent Blends: Taking Technology to the Next Level

Find out how our friends at Intelligent Blends use VicinityFood and Microsoft Dynamics GP to produce the best coffee around.

Key ingredient: Mother Murphy's Laboratories

Flavorings manufacturer Mother Murphy’s Laboratories integrates front office with production facility — improving operations from initial order to final invoice.

Maximizing Profitability and Efficiency: Why Food Manufacturing ERP is a Game-Changer

Check out this infographic detailing the 5 reasons why food manufacturers should invest in an ERP software for their food production.