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Post Holdings sells stake in private label business to PE firm | Food Dive

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CPG Connect | Status: is encouraging members to get involved i... Read more
Posted in August
Jessi Devenyns Aug. 3, 2018

Post Holdings said it would transfer its private label business to a new subsidiary and get $250 million from Thomas H. Lee Partners who would retain a 39.5% stake. The new company would be named 8th Avenue Food & Provisions, with Post retaining 60.5% of the business. 8th Avenue and Thomas H. Lee Partners would assume $625 million in debt from Post.

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