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Philip Morris Companies acquired General Foods in 1985 and Kraft Inc. in 1988, eventually merging them as Kraft Foods Inc. before the cereal unit was sold to Ralcorp in 2007. In 2011, Ralcorp announced plans to spin off Post Foods into a separate company. About a quarter of Ralcorp's sales in 2010 were generated by its Post Foods unit. [14]
On December 31, 2012, Post Holdings acquired Attune Foods, a marketer of premium organic cereals and snacks under the Attune, Uncle Sam and Erewhon brands. [7]On May 28, 2013, Post Holdings purchased the branded and private label cereal, granola and snacks business of Hearthside Food Solutions, which included the Golden Temple, Peace Cereal, Sweet Home Farm and Willamette Valley Granola ...
In 2011, Ralcorp received an offer for the company from ConAgra Foods. Ralcorp resisted the attempt. Ralcorp also announced it was spinning off its Post Foods unit. [6] The spinoff was completed in 2012. [7] On November 27, 2012, ConAgra officials announced they were purchasing Ralcorp, pending Ralcorp shareholder approval, for about $4.95 billion.
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