Post Holdings Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of its A...
April 08 2019 - 8:00AM
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding
company, today announced that one of its subsidiaries has
confidentially submitted a draft registration statement on Form S-1
to the Securities and Exchange Commission (the “SEC”) related to
its proposed initial public offering of its active nutrition
business (the “Active Nutrition business”). The number of shares of
stock and the price range for the proposed offering have not yet
been determined. The proposed offering is subject to, among other
things, completion of the SEC review process and market conditions.
On November 15, 2018, Post announced its plan to pursue an
initial public offering of shares of common stock of a company
which will be comprised of its Active Nutrition business, which
markets and distributes ready-to-drink protein shakes and other
beverages, protein powders, nutrition bars and other nutritional
supplements under the Premier Protein, Dymatize, PowerBar, Supreme
Protein and Joint Juice brands.
There can be no assurance that the confidential submission of a
draft registration statement on Form S-1 will result in any
transaction or other action by Post. Post does not intend to
comment on or provide updates regarding these matters unless and
until it determines that further disclosure is appropriate or
required based on the then-current facts and circumstances. This
press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and shall not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering, solicitation or sale would be unlawful.
Forward Looking Statements
Certain matters discussed in this press release are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are based on the current expectations and assumptions of
Post and are subject to uncertainty and changes in circumstances.
These forward-looking statements include, among others, statements
regarding the initial public offering of Post’s Active Nutrition
business. There is no assurance that the initial public offering of
Post’s Active Nutrition business will occur and there are a number
of risks and uncertainties that could cause actual results to
differ materially from the forward-looking statements made herein.
For a discussion of additional risks and uncertainties, which could
cause actual results to differ from those contained in the
forward-looking statements, see Post’s filings with the SEC,
including, but not limited to, the risk factors set forth in its
most recent Form 10-K, and any updates to such risk factors
contained in subsequent Forms 10-Q or Forms 8-K. These
forward-looking statements represent Post’s judgment as of the date
of this press release. Post disclaims, however, any intent or
obligation to update these forward-looking statements.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a
consumer packaged goods holding company operating in the
center-of-the-store, refrigerated, foodservice, food ingredient,
and active nutrition food categories. Through its Post Consumer
Brands business, Post is a leader in the North American
ready-to-eat cereal category offering a broad portfolio including
recognized brands such as Honey Bunches of Oats®, Pebbles™, Great
Grains® and Malt-O-Meal® bag cereal. Post also is a leader in the
United Kingdom ready-to-eat cereal category with the iconic
Weetabix® brand. As a leader in refrigerated foods, Post delivers
innovative, value-added egg and refrigerated potato products to the
foodservice channel and the retail refrigerated side dish category,
offering side dishes and egg, sausage and cheese products through
the Bob Evans®, Simply Potatoes®, All Whites®, Better’n Eggs® and
Crystal Farms® brands. Post’s Active Nutrition platform brings good
energy to a wide range of consumers looking to live healthy lives
through brands such as Premier Protein®, PowerBar® and Dymatize®.
Post participates in the private brand food category through its
investment with Thomas H. Lee Partners in 8th Avenue Food &
Provisions, a leading, private brand centric, consumer products
holding company. For more information, visit
www.postholdings.com.
Contact:Investor RelationsJennifer Meyer
jennifer.meyer@postholdings.com (314) 644-7665
Media RelationsLisa Hanlylisa.hanly@postholdings.com(314)
665-3180
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