Post Holdings has entered into a definitive agreement to sell the pasta business of 8th Avenue Food & Provisions to Richardson (US) Holdings Limited.
Richardson, according to a press release from the company, is a global leader in agriculture and food processing, as well as a key handler of North American grains and oilseeds. It also operates as a vertically integrated processor and manufacturer of oats, durum, and canola-based products.
In the transaction, Richardson will pay $375 million in cash and assume approximately $80 million in leaseback financial liabilities. The transaction is expected to close in Post's first fiscal quarter of 2026, subject to customary closing conditions.
Post, the parent company of egg products company Michael Foods, acquired 8th Avenue on July 1, 2025, and subsequent to this transaction will retain 8th Avenue's nut butters, fruit and nut products and granola businesses which are expected to be integrated into the Post Consumer Brands segment.
The potential acquisition includes three production facilities – located in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia – as a well as the Ronzoni retail brand.
"This acquisition represents an exciting new chapter for Richardson," says Darwin Sobkow, president and CEO of Richardson International. "The handling and milling of durum wheat is a core strength of our business, and the opportunity to extend our reach into pasta builds directly on that foundation. We look forward to welcoming members of the 8th Avenue team as we continue to serve customers across North America."
