Acquisition strengthens food and ingredient presence in America
Richardson (US) Holdings Limited, the U.S. subsidiary of Richardson International, has entered into a definitive agreement with Post Holdings, Inc. to acquire the pasta business of 8th Avenue Food & Provisions. The move expands Richardson’s food and ingredients portfolio across the United States.
The transaction includes three production facilities located in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia. It also brings the well-known Ronzoni® retail pasta brand under Richardson’s ownership.
By moving further into pasta production, Richardson will strengthen its link from North American durum wheat origination and milling to the production of finished consumer products. “This acquisition represents an exciting new chapter for Richardson,” says Darwin Sobkow, President and CEO of Richardson International. “The handling and milling of durum wheat is a core strength of our business, and the opportunity to extend our reach into pasta builds directly on that foundation. We look forward to welcoming members of the 8th Avenue team as we continue to serve customers across North America.”
As part of the deal, approximately 500 employees from 8th Avenue will join Richardson, significantly enhancing its food sector workforce. The company plans to focus on innovation and growth in both retail and foodservice pasta markets following the transition.
The agreement remains subject to customary regulatory approvals and conditions, with closing expected later this year. BMO Capital Markets served as Richardson’s financial advisor, while Koley Jessen provided legal counsel.
This acquisition highlights Richardson’s strategy to expand its value chain, bringing farm-grown durum wheat closer to the plates of consumers across North America.
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