Post to buy protein-drink maker

ST. LOUIS (AP) — Cereal maker Post Holdings Inc. said Friday it agreed to acquire Premier Nutrition Corp., a distributor of protein drinks and nutritional supplements, for about $180 million.

The move allows Post to expand into the fast-growing nutrition and supplement arena. Premier’s products include Premier Protein drinks and bars and Joint Juice products.

The deal is expected to close in September. It is expected to add $130 million to $140 million to Post’s full-year revenue.

Post has been expanding through acquisitions lately. It acquired the cereal, granola and snacks business of Hearthside Food Solutions in May.

Post shares slipped 40 cents to $46.56 in morning trading, closer to the high end of the stock’s 52-week range of $28.62 to $49.32. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language, racial slurs or consistent name calling will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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