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USA – Post Holdings, a consumer-packaged goods holding company has reported net sales of US$1.9bn, an increase of 21.9% on the prior year on the back of a strong performance in its pet food and foodservice categories. Rob Vitale, president, and chief executive officer at Post Holdings, while announcing the company’s third-quarter earnings for the three-month period ended June 30,…
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USA – Post Holdings, a consumer-packaged goods holding company has revealed that it has pulled Post Holdings Partnering Corporation (PHPC), a special purpose acquisition company (SPAC) it formed two years ago after failing to find an acquisition target by a May 28 deadline. Announced in a statement on 11 May, Post revealed that it had “decided to redeem all of its…
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USA – Proposed changes to which foods can be labeled “healthy” by the US Food and Drug Administration (FDA) have received strong opposition from major industry players General Mills, Kellogg, and Post Holdings. The FDA recommendations propose that the “healthy” claim be reserved for “nutrient-dense foods” that contain a certain percentage of fruit, vegetables, grains, dairy or protein. The proposals…
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AMERICA – Post-Consumer Brands, a business unit of Post Holdings Inc launched “Sweet Dreams”, the first-ever cereal with curated ingredients for healthy nighttime habits. The new product comes at a time when almost half of American adults don’t get the recommended amount of sleep, according to a report by Life Extension, a global authority on nutrition, health, and wellness. Further,…
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