In yet another story about private brand manufacturing giant Ralcorp and acquisitions, it was announced that Ralcorp has acquired North American Baking, formerly known as PL Foods. North American Baking is a manufacturer of premium private label specialty crackers in North America.
North American Baking will continue its operations in Georgetown, Ontario. In a separate transaction, Ralcorp acquired JT Bakeries, a manufacturer of private label and co-branded gourmet crackers. JT Bakeries will continue its operations in Kitchener, Ontario.
Both of these transactions are part of the company’s snacks, sauces and spreads segment. Ralcorp anticipates the transactions will be slightly accretive during the remainder of its 2010 fiscal year. Terms of the transactions were not disclosed.
Kevin Hunt, co-CEO and president of Ralcorp Holdings, said: “We welcome the North American Baking and JT Bakeries management teams and employees to the Ralcorp family. We believe the products manufactured by both of these companies will enhance Ralcorp’s premium and gourmet cracker offerings. These transactions will allow us to continue Ralcorp’s growth strategy on our existing private-label cracker platform.”