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{{Short description|Manufacturer of various food products}}{{Update|date=November 2014}}

factoids

Ralcorp Holdings is a manufacturer of various food products, including breakfast cereal, cookies, crackers, chocolate, snack foods, mayonnaise, pasta, and peanut butter. The company is based in St. Louis, Missouri. The majority of the items Ralcorp makes are private-label, store-brand products. It has over 9,000 employees.WEB,weblink Symbol Lookup from Yahoo! Finance, Ralcorp has its headquarters in the Bank of America Plaza in downtown St. Louis.WEB,weblink TreeHouse Foods - Welcome, 2010-01-18, 2010-01-13,weblink" title="web.archive.org/web/20100113232818weblink">weblink dead,

History and description

(File:1922 Ralston whole wheat cereal ad.png|thumbnail|left|A 1922 newspaper advertisement for Ralston Whole Wheat cereal)Originally part of Ralston Purina, the Ralston name was more associated with food for humans; soda crackers and a farina cereal, among other products, were marketed under this name. Ralcorp can trace its ancestry to 1898 when William H. Danforth of Purina Mills, which made animal feeds, began making breakfast cereal. He sought and received the endorsement of Webster Edgerly (Dr. Ralston) who founded the Ralstonism social movement.Hoolihan, Christopher; Atwater, Edward C. An Annotated Catalogue of the Edward C. Atwater Collection of American Popular Medicine and Health Reform, Volume 1, A-L, University of Rochester Press, 2002, p. 223. {{ISBN|1-58046-098-4}} Ralston cereal became so successful that Purina Mills was renamed Ralston Purina in 1902.WEB,weblink Pushing Pet Nutrition Forward - Purina® Pet Food & Products, October 25, 2016, Ralston Purina also for many years produced the familiar line of Chex and Cookie Crisp cold breakfast cereals. The animal and human food businesses were seemingly only tenuously related. In 1994, the human food business was spun off to Ralcorp Holdings, operating as Ralston Foods, which then sold its branded breakfast cereal lineup to General Mills and its Continental Baking division (Wonder Bread and Twinkies) to Interstate Bakeries. The Purina part of the company is now split. The pet-food company sold to Nestlé is now called Nestlé Purina PetCare. The livestock-feed company is called Purina Mills, LLC, and is a unit of Land O'Lakes. Ralcorp manufactures many store-brand foods that are sold in grocery outlets across the United States under the retailers' private labels. In late 2007, Ralcorp signed an agreement with Kraft Foods to acquire the Post Cereals brands, thus returning to the major-branded cereal business. The acquisition was completed August 4, 2008.WEB,weblinkweblink" title="web.archive.org/web/20081218155335weblink">weblink dead, December 18, 2008, Ralcorp Announces Completion of Post Cereals Merger, September 8, 2008, Ralcorp Holdings, Inc., Another brand name product Ralcorp makes and markets is Ry-Krisp crisp bread.

Purchase by ConAgra

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.NEWS,weblink Bloomberg, Matthew, Boyle, Ralcorp to Spin Off Post Foods After Failing to Find Buyer, July 14, 2011, The spinoff was completed in 2012.WEB,weblink Ralcorp Completes Separation of Post Cereals Business, February 6, 2012, September 6, 2012, Ralcorp Holdings, Inc., June 25, 2012,weblink" title="web.archive.org/web/20120625125410weblink">weblink dead, On November 27, 2012, ConAgra officials announced they were purchasing Ralcorp, pending Ralcorp shareholder approval, for about $4.95 billion. Stockholders of Ralcorp Holdings Inc. would receive $90 per share. The acquisition was completed in January 2013.WEB,weblink ConAgra Foods Completes Acquisition of Ralcorp - News Room - ConAgra Foods, conagrafoods, The acquisition made ConAgra the largest private-label packaged food business in the United States at that time.WEB,weblink ConAgra Foods to make big purchase, Associated Press via KTVO-TV, November 27, 2012, November 28, 2012,

Purchase by TreeHouse Foods, Inc

On February 1, 2016, TreeHouse Foods announced that it completed the acquisition of ConAgra Foods' private brands operations. "TreeHouse paid $2.7 billion in cash plus transaction expenses for the business and financed the transaction through the closing of its previously announced offerings of $775 million in aggregate principal senior notes due 2024 with a 6.0% annual interest rate and common stock issuance of 13.3 million shares at a price of $65 per share (which includes the exercise, in full, of the overallotment option), aggregating $862.5 million in gross proceeds. The remainder of the purchase price was financed under the Company's revolving credit facility."PRESS RELEASE,weblink TreeHouse Foods Completes the Acquisition of ConAgra's Private Brands Business, Inc., TreeHouse Foods, www.prnewswire.com, en, 2017-02-23, The rumor of the deal broke in October 2015. According to a FoodProcessing.com article from 10/23/2015:"TreeHouse Foods is rumored to be in advanced talks to purchase the Ralcorp business from ConAgra Foods in a deal valued at $2.5- to $2.7 billion, according to a report from Reuters." This was a huge loss from the $5.1 Billion ConAgra paid for Ralcorp two years earlier.NEWS,weblink TreeHouse Foods In Talks to Buy ConAgra's Ralcorp, Lauren R., Hartman, 2017-02-23, en,

Purchase by Post Holdings

On June 1, 2021, Post Holdings announced it acquired the ready-to-eat ("RTE") cereal business of TreeHouse Foods.WEB, Post buys TreeHouse Foods' ready-to-eat cereal business for $85M,weblink 2021-06-07, Food Dive, en-US,

Subsidiaries

• American Italian Pasta Company (acquired 2010)NEWS,weblink Ralcorp to buy American Italian Pasta for $1.2 billion, 2010-06-21, Reuters, 2020-04-23, en, NEWS, Reuters,weblink Ralcorp to Buy American Italian Pasta, 2010-06-21, The New York Times, 2020-04-23, en-US, 0362-4331,
• Ralcorp Frozen Bakery ProductsWEB,weblink TreeHouse Foods Frozen - Home, 2015-05-31,weblink" title="web.archive.org/web/20150427001605weblink">weblink 2015-04-27, dead,
  • Bakery Chef (acquired 2003)NEWS,weblink The deal: Ralcorp Holdings Inc. acquires Bakery Chef, St. Louis Business Journal, December 14, 2013,
  • Cottage Bakery (acquired 2006)WEB,weblink Lodi's Cottage Bakery sells for $170.8 million, Reed Fujii, recordnet.com,
  • Earl of Sandwich frozen breadsWEB,weblink Ralcorp Frozen - Premium Deli Breads, 2015-05-31,weblink" title="web.archive.org/web/20150220102420weblink">weblink 2015-02-20, dead, WEB,weblink Earl of Sandwich premium deli breads, ralcorpfrozen.com, 2015-05-31, 2016-03-04,weblink" title="web.archive.org/web/20160304103126weblink">weblink dead,
  • Krusteaz frozen productsWEB,weblink Ralcorp Frozen - Home, 2015-05-31,weblink" title="web.archive.org/web/20150220100229weblink">weblink 2015-02-20, dead, (acquired from Continental Mills in 1999 by Bakery Chef)NEWS,weblink Bakery Chef acquisitions fuel growth, St. Louis Business Journal, January 10, 2000, {{Dead link|date=October 2016}}
  • Lofthouse Foods (acquired 2002)WEB,weblink TreeHouse Foods - Welcome, 2012-01-02, 2011-10-25,weblink" title="web.archive.org/web/20111025065930weblink">weblink dead,
  • Panne Provincio
• Ralcorp Snacks, Sauces and Spreads
  • Bremner Food Group (acquired 1978)
  • Carriage House Companies (formed 2000)
• Ralston FoodsWEB,weblink Ralston Foods, Ralston Foods, 2015-05-31, 2015-05-08,weblink" title="web.archive.org/web/20150508094828weblink">weblink dead,
  • Bloomfield Bakers/Lovin Oven LLCWEB,weblink Bloomfield Bakers - Cookies, Cereals, Crackers, Bars, Mixes, 2013-11-01, dead,weblink" title="web.archive.org/web/20131103095059weblink">weblink 2013-11-03, (acquired 2009)

See also

• List of food companies

References

{{reflist}}

External links

• {{officialweblink }}
  • weblink" title="web.archive.org/web/20150427001605weblink">Ralcorp Frozen Bakery Products
  • Ralston Foods {{Webarchive|url=https://web.archive.org/web/20150508094828weblink |date=2015-05-08 }}

{{ConAgra}}{{Post Holdings}}