Post Holdings to Acquire Willamette Egg Farms
Post Holdings, Inc. announced this week it has agreed to acquire the Northwestern U.S. egg company Willamette Egg Farms, LLC.
Willamette Egg owns two egg production facilities located in Oregon and Washington and has been operating since 1934. Willamette Egg produces shell eggs, specialty shell eggs (including cage-free and organic eggs) and value-added egg products (including liquid and hard cooked eggs). Upon completion of the acquisition, Willamette Egg will be combined with Post's existing Michael Foods egg business.
"This transaction nicely complements our portfolio and fits well into Michael Foods," said Rob Vitale, Post's president and CEO. "Willamette Egg will further increase our leadership as the country's largest provider of cage-free egg products and contributes to additional geographic flock diversification."
On a full year basis, Willamette Egg is expected to contribute approximately $80 million to net sales and approximately $15 million of Adjusted EBITDA to Post's results.
Post anticipates completing the acquisition early in its first quarter of fiscal 2016.