About Post Holdings

Post Holdings, Inc. operates as a consumer packaged goods holding company. The company has businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. The company also participates in the private brand food category, including through its ownership interest in 8th Avenue Food & Provisions, Inc. (8th Avenue). In addition, the company participates in the global convenient nutrition category, including through its minority ownership of BellRing Brands, Inc., a publicly-traded holding company offering ready-to-drink (RTD) shake and powder protein products. Segments The company operates through four segments: Post Consumer Brands, Weetabix, Foodservice, and Refrigerated Retail. Post Consumer Brands This segment offers branded and private label ready-to-eat (RTE) cereals through the company's ownership in the Post Foods, LLC; MOM Brands Company, LLC; and Weetabix North America, as part of its acquisition of Weetabix Limited. Post Consumer Brands offers certain private label RTE cereals; peanut butter under the Peter Pan brand; and branded and private label pet food (Pet Food). This segment manufactures, markets, and sells a portfolio of branded and private label human and pet food products, primarily in the RTE cereal, hot cereal, peanut butter and dog and cat food categories primarily in North America. Post Consumer Brands's core brands include the RTE cereal brands of Honey Bunches of Oats, Pebbles and Malt-O-Meal, and the Peter Pan peanut butter brand. This segment's pet food brands, which were acquired in April 2023, include Rachael Ray Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits, and Gravy Train. Weetabix This segment, through the company's ownership in the Weetabix Limited, produces and distributes branded and private label RTE cereal, hot cereals and other cereal-based food products, and breakfast drinks and muesli primarily outside of North America. This segment, through the company's ownership in the Lacka Foods Limited, distributes and markets protein-based shakes under the UFIT brand primarily in the United Kingdom (the U.K.). This segment primarily markets and distributes branded and private label RTE cereal products. Weetabix is a leading manufacturer in the U.K. cereals and breakfast drinks category, with its core brands being the Weetabix and Alpen brands. This segment also markets and distributes breakfast drinks, hot cereals, protein-based shakes, and nutritional snacks. Weetabix's products are primarily manufactured at three owned manufacturing facilities in the U.K. Some of its RTE cereals and muesli also are manufactured in Africa through two joint ventures, each of which owns a manufacturing facility. Weetabix's main markets are the U.K. and the Republic of Ireland. This segment distributes products to multiple countries throughout the world mainly through a network of third-party distributors in the respective markets. Weetabix's protein-based shakes and nutritional snacks are co-manufactured in Germany and distributed in the U.K. through a network of large retail outlets. Foodservice This segment, through the company's ownership in the MFI Holding Corporation (Michael Foods); National Pasteurized Eggs, Inc. (NPE); Bob Evans Farms, Inc. (Bob Evans); Henningsen Foods, Inc.; and Almark Foods (Almark), primarily offers egg and potato products in the foodservice and food ingredient channels. This segment primarily produces and distributes egg and potato products in the foodservice and food ingredient channels. The company provides a broad portfolio of egg products under several brands, with the primary brands being Papetti's and Abbotsford Farms, and potato products. This segment also manufactures certain meat products. The company's operations include fourteen egg products production facilities in the U.S., some of which are fully integrated from the maintenance of laying flocks through the processing of egg products, three potato processing facilities, and two meat products processing and production facilities. Several of these production facilities also produce products for the company's Refrigerated Retail segment. Refrigerated Retail This segment, through the company's ownership in the Bob Evans, Michael Foods, including the business of Crystal Farms Dairy Company, NPE, and Almark, as well as Egg Beaters brand, provides refrigerated retail products, such as side dishes, eggs and egg products, sausage, cheese, and other dairy and refrigerated products. This segment produces and distributes side dishes, eggs and egg products, sausage, and cheese and other dairy and refrigerated products to retail customers. The company's refrigerated side dish, potato, and sausage products are sold primarily under the Bob Evans, Bob Evans Farms, and Simply Potatoes brands. The company sells private label egg products, as well as branded egg products primarily under the Bob Evans Egg Whites and Egg Beaters brands. The company's cheese and other dairy case products are sold principally under the Crystal Farms brand. The company's products are manufactured across eleven facilities, five of which are egg products processing facilities, and two of which are potato processing facilities previously referenced under the Foodservice segment discussion. In addition, the company's Egg Beaters products are manufactured under a co-manufacturing agreement at a third-party facility, and it also uses third-party manufacturers for many of its cheese products and certain of its potato side dish and sausage products. Sales, Marketing and Distribution The company's Post Consumer Brands segment sells products primarily through an internal sales staff and broker organizations. The company's Weetabix segment services its key U.K. markets through a centralized commercial team, which manages relationships with customers at the corporate level while a third party sales force operates at the store level to ensure maximum availability and compliance with agreed plans. Weetabix has in-country sales and marketing teams in Europe and in the growth markets of Spain and the United Arab Emirates. The company's Foodservice and Refrigerated Retail segments sell and market their products primarily through dedicated teams of internal sales staff and broker organizations. Generally, the company's products are distributed through a network of third-party common carriers. In addition, the company's Foodservice and Refrigerated Retail segments have internal fleets that distribute certain of their products. Trademarks and Intellectual Property The company's Post Consumer Brands business's trademarks include Post, Post Consumer Brands, Honey Bunches of Oats, Great Grains, Post Bran Flakes, Post Shredded Wheat, Spoon Size Shredded Wheat, Golden Crisp, Alpha-Bits, Ohs!, Shreddies, Post Raisin Bran, Grape-Nuts, Honeycomb, Frosted Mini Spooners, Golden Puffs, Cinnamon Toasters, Fruity Dyno-Bites, Cocoa Dyno-Bites, Berry Colossal Crunch, Malt-O-Meal, Farina, Dyno-Bites, Mom's Best, Better Oats, CoCo Wheats, Peter Pan, Nutrish, Nature's Recipe, 9Lives, Kibbles 'n Bits, Gravy Train, Weetabix, Barbara's and Puffins, each of which it owns, as well as several trademarks that the company licenses from third parties for use in the U.S., Canada and several other international markets, such as Pebbles, Oreo O's, Chips Ahoy!, Honeymaid, Rachael Ray, and Premier Protein. The trademarks for the Weetabix business include Weetabix, Alpen, Weetos, Ready Brek, Weetabix On The Go, Oatibix and UFIT, each of which it owns, as well as Oreo O's, which the company licenses from a third party. The trademarks for the Foodservice business include Michael Foods, Papetti's, Abbotsford Farms, Simply Potatoes, Henningsen Foods and Almark Foods, each of which it owns. The trademarks for the Refrigerated Retail business include Davidson's Safest Choice, Abbotsford Farms, Better'n Eggs, Crystal Farms, Simply Potatoes, Diner's Choice, Westfield Farms, David's Deli, Owens, Country Creek Farm and Egg Beaters, each of which it owns, Bob Evans (which is used in brands, such as Bob Evans Egg Whites), Bob Evans Farms and Pineland Farms, which the company licenses from a third party for worldwide use, and Old El Paso, which it licenses from a third party for use in the U.S. It also owns the trademarks for Airly and Oat Clouds. The company's owned trademarks are, in most cases, protected through registration in the U.S. or the U.K., as well as in many other countries where the related products are sold. The company also owns several patents in North America and elsewhere. Customers The company sells Post Consumer Brands products primarily to grocery stores, mass merchandise customers, supercenters, club stores, natural/specialty stores, dollar stores, discounters, wholesalers, convenience stores, pet supply retailers, and drug store customers. The company also sells Post Consumer Brands products in the military, eCommerce, and foodservice channels. Its Weetabix segment's products are primarily sold to retailers, discounters, wholesalers and convenience stores, and through eCommerce. The company's Foodservice segment's primary customers include foodservice distributors and national restaurant chains. The company's Refrigerated Retail segment's primary customers include grocery stores and mass merchandise customers. The company's largest customer, Walmart (Walmart Inc. and its affiliates, which include Sam's Club), accounted for 17.3% of its consolidated net sales in fiscal 2023 (the fiscal year ended September 30, 2023). For example, the largest customer of the company's Post Consumer Brands segment, Walmart, accounted for 32.6% of Post Consumer Brands's net sales in fiscal 2023. The largest customers of the company's Weetabix segment, Tesco and Asda, accounted for 28.3% of Weetabix's net sales in fiscal 2023. The largest customers of the company's Foodservice segment, Sysco and U.S. Foods, accounted for 40.5% of the segment's net sales in fiscal 2023. Additionally, the largest customers of the company's Refrigerated Retail segment, Walmart and Kroger, accounted for 32.9% of the segment's net sales in fiscal 2023. Governmental Regulation and Environmental Matters As a producer and distributor of goods for human and animal consumption, the company's operations must comply with stringent production, packaging, quality, safety, storage, distribution, labeling and marketing standards administered by the applicable government entities, namely the Food and Drug Administration (the FDA), the U.S. Department of Agriculture (the USDA), the Federal Trade Commission and state and local agencies in the U.S., as well as similar regulatory agencies in Canada, Mexico, the U.K., the European Union (the E.U.) and elsewhere. The company's facilities, like those of similar businesses, are subject to certain safety regulations, including regulations issued pursuant to the U.S. Occupational Safety and Health Act and similar regulations in Canada and the U.K. In addition, the company's operations are subject to various federal, state and foreign laws and regulations regarding data privacy, including the General Data Protection Regulation, the E.U.'s retained law version of the General Data Protection Regulation, the E.U.-U.S. Data Privacy Framework and the California Consumer Privacy Act (as modified by the California Privacy Rights Act), each of which applies to certain of the company's businesses and deals with the collection and use of personal information obtained from data subjects. History Post Holdings, Inc., a Missouri corporation, was founded in 1895. The company was incorporated in 2011.