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Post acquired 8th Avenue for approximately $880 million, which includes the assumption of $111 million in finance leases.

In addition to creating jobs, both plants support the region’s agricultural economy by processing more than 800 million lbs. of raw milk from 236 local dairy farmers annually.

Tanner currently serves as president and chief executive officer of The Wendy’s Company, where he has led a strategy focused on core brand growth, innovation, operational excellence and accelerating new unit growth globally.

The company says this strategic move reflects its evolution, growth and renewed focus on innovation and customer experience.

The company will consolidate operations and add manufacturing at a 90,000-sq.-ft. building that is under construction in Pennsylvania’s Lower Nazareth and Bethlehem townships, which is expected to be open next year.

This effort also supports Cargill’s climate goals, which include a 10% reduction in operational emissions by this year.

The company has entered into a restructuring support agreement with a group of its lenders holding some of the company’s term-loan indebtedness.

Once complete, the 130,000-sq.-ft. facility will support Morinaga’s U.S. presence and increase production of HI-CHEW.

The facility will fulfill demand for beef in the region and is creating over 600 jobs for Olathe and the surrounding community.

The Akkermansia Company has patents protecting the use of the Akkermansia species, including the use of the MucT strain’s pasteurized version, which is its most bio-efficacious form.