Post Holdings to buy Almark Foods for undisclosed sum

Michael Foods, a subsidiary of Post Holdings, has entered into an agreement to acquire majority employee-owned (ESOP) company, Almark Foods.

Founded in 1990, Almark Foods supplies hard-boiled, peeled eggs to retailers, convenience stores, restaurant chains and salad manufacturers across the US. 

Michael Foods will acquire the Almark Foods plants in Arizona and Tennessee, which produce hard-boiled and deviled egg products.

“Almark Foods grew the retail hard-boiled egg business into a category leader and we are pleased that Michael Foods will be able to take this business to the next level,” said Rick Anderson, CEO of Almark Foods.

Artisan Kitchens, a division of Almark Foods, is not being acquired in this deal and will remain ESOP owned.

The financial terms of the transaction, which is expected to be completed by the first quarter of 2021, have not been disclosed.

News of the acquisition follows Post Holdings’ announcement earlier this month that it had agreed a deal to buy the Peter Pan peanut butter brand from Conagra Brands.