s, the parent company of Post Foods, has announced the completion of the acquisition of MFI Holding Corporation (Michael Foods) and its related entities for $2.45bn.Michael Foods is a producer of value-added food products and services to customers across the foodservice, retail and food ingredient channels.
The company produces a wide range of value-added egg products, potato products, and cheese and dairy-case foods. Its brands include Papetti's, Crystal Farms, AllWhites, Simply Potatoes, Abbotsford Farms and Eggland's Best.
The acquisition of was originally announced on 17 April 2014.
At the time, Michael Foods chairman and chief executive officer Jim Dwyer said, "We believe our business will benefit from Post's portfolio management approach and from our continued focus on the breakfast daypart, expanding egg consumption to all dayparts, and delivering convenient meal and snack choices to consumers."
