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The deal to acquire the century-old peanut butter brand is expected to reach completion early next year.

Powder Bulk Solids Staff

December 7, 2020

1 Min Read
Representative imageImage courtesy of Pixabay

Consumer packaged goods giant Post Holdings has struck a deal with Conagra Brands to purchase the century-old Peter Pan peanut butter brand, Post announced in a release Monday.

Peter Pan is currently produced by the co-manufacturer 8th Avenue Food & Provisions. The products are distributed nationally across a variety of channels.

Conagra will perform transitional services during the transition of the business, according to the terms of the definitive agreement. Post did not reveal the terms of the acquisition.

The companies expect the sale to close in the first quarter of 2021 pending the completion of customary closing conditions and applicable regulatory approvals.

Earlier this year, Conagra announced that it was investing $100 million to expand its meat snacks plant in Troy, OH. The company plans to add about 63,000 sq ft of manufacturing space to the facility’s existing footprint, add new smokehouses and drying rooms, and install new packaging equipment.   

About the Author(s)

Powder Bulk Solids Staff

Established in 1983, Powder & Bulk Solids (PBS) serves industries that process, handle, and package dry particulate matter, including the food, chemical, and pharmaceutical markets.

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