Almark: Post Holdings to buy egg business Almark Foods

Post Holdings Inc. plans to expand its egg business with the purchase of another egg products producer. Post has agreed to acquire Gainesville, Georgia-based Almark Foods, which is majority owned by an employee stock ownership plan (ESOP). The deal, for which terms weren't disclosed, is expected to close in the first quarter of 2021. Post said it will combine Almark with its existing Michael Foods egg business. Post Holdings acquired Minnesota-based Michael Foods in 2014 for $2.45 billion. In...