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Benzinga
Benzinga
Business
Shivani Kumaresan

Post Holdings Expands Post Consumer Brands Business

  • Post Holdings Inc (NYSE:POSTplans to expand its Post Consumer Brands business by investing up to $110 million.
  • The company will expand its cereal production capacity at its Sparks, Nevada facility.
  • The proposed expansion is expected to provide Post Consumer Brands with additional production volume, address capacity constraints, and reduce transportation costs.
  • Project planning and implementation will begin immediately, and after completion, it will create about 30-40 new jobs.
  • "Adding capacity in Sparks will help us balance our network geographically and provide us with greater flexibility to best serve our customers," said CEO Nicolas Catoggio.
  • The company expects to complete the expansion in 2025, with initial new capacity available late in 2024.
  • Price Action: POST shares are trading higher by 1.83% at $77.40 on the last check Wednesday.
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