Post Holdings (POST) will sell its pasta business of 8th Avenue Food & Provisions to Richardson Holdings Limited for $375M in cash and $80M in leaseback financial liabilities. Post will retain nut butters, fruit and nut products, and granola businesses, expecting them to contribute $45M-50M in Adjusted EBITDA in fiscal year 2026. Synergies are projected to reach $15M annually by the end of fiscal year 2026.

Read more at Yahoo Finance: Post Holdings to sell pasta business to Richardson for $375M in cash