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Post banks on solid sales from acquisitions to offset soft income of own brands in Q3

The Peebles and Post cereals maker’s strategy to unlock more value through prudent acquisitions is paying off, posting a 19% increase in net sales for Q3, driven in the main from the acquisition of TreeHouse’s private label cereals and the Peter Pan peanut butter brand it acquired from Conagra in January. ....

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City recognizes National Economic Development Week

City recognizes National Economic Development Week
Published: 10 May 2021 10 May 2021
Yuma, Arizona - The City of Yuma joins the International Economic Development Council in recognizing the importance of the local economy during National Economic Development Week, May 9-15.
National Economic Development Week was created by the International Economic Development Council, the largest professional membership organization for economic developers, to recognize the unique role economic development has in creating vibrant communities with strong economies.
In Yuma, improving the business climate is a joint effort. This year, the Yuma City Council adopted several strategic outcomes and priority initiatives that focus on economic development, including support for a local multiversity campus, additional broadband access, continued riverfront development, a spaceport and enhanced coordination with the private sector. Partners such as the Greater Yuma Economic Developme ....

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March unemployment rate nears lowest point in last decade

March unemployment rate nears lowest point in last decade
MGN
City gears up for National Economic Development Week
YUMA, Ariz. (KYMA, KECY) - The City of Yuma joins the International Economic Development Council in recognizing the importance of the local economy during National Economic Development Week, May 9-15.
National Economic Development Week was created by the International Economic Development Council, the largest professional membership organization for economic developers, to recognize the unique role economic development has in creating vibrant communities with strong economies.
Economic Development Week highlights the importance of Yuma’s economic health, and recognizes the vital role businesses play in our community,” said City of Yuma Economic Development Administrator Jeff Burt. ....

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Post Holdings, Inc.: Post Holdings Reports Results for the Second Quarter of Fiscal Year 2021

Post Holdings, Inc.: Post Holdings Reports Results for the Second Quarter of Fiscal Year 2021
Highlights:
Operating profit of $145.1 million; net earnings of $109.9 million; Adjusted EBITDA of $263.8 million
Second half fiscal year 2021 Adjusted EBITDA (non-GAAP) expected to range between $590-$620 million
Basis of Presentation
On October 21, 2019, the initial public offering of a minority interest in the BellRing Brands business (the BellRing IPO ), Post s historical active nutrition business, was completed. Post fully consolidates the results of BellRing Brands, Inc. ( BellRing ) and its subsidiaries within Post s financial statements and effective October 21, 2019 allocates 28.8% of BellRing s consolidated net earnings/loss and net assets to noncontrolling interest within Post s financial statements. ....

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Post Holdings launches SPAC to raise up to $400M

Dive Brief:
Post Holdings is forming a special purpose acquisition company, the CPG maker said in a statement. Post said the blank check company plans to raise $400 million to partner with a business in the CPG space.
The SPAC will be managed by Post’s current management team, including Robert Vitale, Post’s president and CEO, who will serve as chief investment officer.
SPACs have been a hot investment tool across Wall Street during the last year, and food and beverages haven t been immune to their widespread popularity. For companies being acquired, it s usually a faster and cheaper way of going public. ....

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