Ralcorp Completes Purchase of Harvest Manor Farms
Ralcorp Holdings Inc. acquires Harvest Manor Farms, a manufacturer of private label and Hoody's branded snack nuts with annual net sales of approximately $180 million. Harvest Manor Farms will continue its operations in El Paso, Texas. Ralcorp anticipates the transaction will be slightly accretive during the remainder of its 2009 fiscal year. Terms of the transaction were not disclosed.
Kevin J. Hunt, co-chief executive officer and president of Ralcorp Holdings Inc., says, "We welcome the Harvest Manor Farms management team and employees to the Ralcorp family. Harvest Manor Farms will become a key part of our snack nut business and will enhance Ralcorp's snack nut product offerings and nationwide manufacturing footprint."
Kevin J. Hunt, co-chief executive officer and president of Ralcorp Holdings Inc., says, "We welcome the Harvest Manor Farms management team and employees to the Ralcorp family. Harvest Manor Farms will become a key part of our snack nut business and will enhance Ralcorp's snack nut product offerings and nationwide manufacturing footprint."