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==History and description==
==History and description==
[[File:1922 Ralston whole wheat cereal ad.png|thumbnail|left|A 1922 newspaper advertisement for Ralston Whole Wheat cereal]]
[[File:1922 Ralston whole wheat cereal ad.png|thumbnail|left|A 1922 newspaper advertisement for Ralston Whole Wheat cereal]]
Originally part of [[Ralston Purina]], the Ralston name was more associated with food for humans; [[soda cracker]]s and a [[farina (food)|farina]] cereal, among other products, were marketed under this name. Ralcorp can trace its ancestry to 1898 when [[William H. Danforth]] of [[Purina Mills]], which made [[Fodder|animal feeds]], began making breakfast cereal. He sought and received the endorsement of [[Webster Edgerly]] (Dr. Ralston) who founded the [[Ralstonism]] [[social movement]].<ref>[https://books.google.com/books?id=yDQZIWya20YC&pg=PA223&lpg=PA223&dq=%22ralston+health+club%22+%2B+edgerly+%2B+cereal&source=bl&ots=IjX0Bm7oOD&sig=YYlaQT_AT1L4CkHhDJxZ820JpGE&hl=en&ei=lqNRTKiZN5PUngeIjaCgBA&sa=X&oi=book_result&ct=result&resnum=7&ved=0CCgQ6AEwBg#v=onepage&q=%22ralston%20health%20club%22%20%2B%20edgerly%20%2B%20cereal&f=false Hoolihan, Christopher; Atwater, Edward C. ''An Annotated Catalogue of the Edward C. Atwater Collection of American Popular Medicine and Health Reform''], Volume 1, A-L, University of Rochester Press, 2002, p. 223. {{ISBN|1-58046-098-4}}</ref> Ralston cereal became so successful that Purina Mills was renamed Ralston Purina in 1902.<ref>{{cite web|url=http://www.nestlepurina.com/WholeGrain.aspx|title=Pushing Pet Nutrition Forward - Purina® Pet Food & Products|author=|date=|publisher=|access-date=October 25, 2016}}</ref> Ralston Purina also for many years produced the familiar line of [[Chex]] and [[Cookie Crisp]] cold [[breakfast cereal]]s. The animal and human food businesses were seemingly only tenuously related. In 1994, the human food business was spun off to Ralcorp Holdings, operating as Ralston Foods, which then sold its branded breakfast cereal lineup to [[General Mills]] and its Continental Baking division ([[Wonder Bread]] and [[Twinkie]]s) to [[Old HB|Interstate Bakeries]]. The Purina part of the company is now split. The pet-food company sold to [[Nestlé]] is now called [[Nestlé Purina PetCare]]. The livestock-feed company is called Purina Mills, LLC, and is a unit of [[Land O'Lakes]]. Ralcorp manufactures many store-brand foods that are sold in [[grocery store|grocery]] outlets across the United States under the retailers' private labels. In late 2007, Ralcorp signed an agreement with [[Kraft Foods]] to acquire the [[Post Holdings|Post Cereals]] brands, thus returning to the major-branded cereal business. The acquisition was completed August 4, 2008.<ref name="Ralcorp">{{Cite web | url = http://phx.corporate-ir.net/phoenix.zhtml?c=102251&p=irol-newsArticle&ID=1182967&highlight= | title = Ralcorp Announces Completion of Post Cereals Merger | access-date = September 8, 2008 | publisher = Ralcorp Holdings, Inc. | work =}}</ref> Another brand name product Ralcorp makes and markets is [[Ry-Krisp]] [[crisp bread]].
Originally part of [[Ralston Purina]], the Ralston name was more associated with food for humans; [[soda cracker]]s and a [[farina (food)|farina]] cereal, among other products, were marketed under this name. Ralcorp can trace its ancestry to 1898 when [[William H. Danforth]] of [[Purina Mills]], which made [[Fodder|animal feeds]], began making breakfast cereal. He sought and received the endorsement of [[Webster Edgerly]] (Dr. Ralston) who founded the [[Ralstonism]] [[social movement]].<ref>[https://books.google.com/books?id=yDQZIWya20YC&pg=PA223&lpg=PA223&dq=%22ralston+health+club%22+%2B+edgerly+%2B+cereal&source=bl&ots=IjX0Bm7oOD&sig=YYlaQT_AT1L4CkHhDJxZ820JpGE&hl=en&ei=lqNRTKiZN5PUngeIjaCgBA&sa=X&oi=book_result&ct=result&resnum=7&ved=0CCgQ6AEwBg#v=onepage&q=%22ralston%20health%20club%22%20%2B%20edgerly%20%2B%20cereal&f=false Hoolihan, Christopher; Atwater, Edward C. ''An Annotated Catalogue of the Edward C. Atwater Collection of American Popular Medicine and Health Reform''], Volume 1, A-L, University of Rochester Press, 2002, p. 223. {{ISBN|1-58046-098-4}}</ref> Ralston cereal became so successful that Purina Mills was renamed Ralston Purina in 1902.<ref>{{cite web|url=http://www.nestlepurina.com/WholeGrain.aspx|title=Pushing Pet Nutrition Forward - Purina® Pet Food & Products|author=|date=|publisher=|access-date=October 25, 2016}}</ref> Ralston Purina also for many years produced the familiar line of [[Chex]] and [[Cookie Crisp]] cold [[breakfast cereal]]s. The animal and human food businesses were seemingly only tenuously related. In 1994, the human food business was spun off to Ralcorp Holdings, operating as Ralston Foods, which then sold its branded breakfast cereal lineup to [[General Mills]] and its Continental Baking division ([[Wonder Bread]] and [[Twinkie]]s) to [[Old HB|Interstate Bakeries]]. The Purina part of the company is now split. The pet-food company sold to [[Nestlé]] is now called [[Nestlé Purina PetCare]]. The livestock-feed company is called Purina Mills, LLC, and is a unit of [[Land O'Lakes]]. Ralcorp manufactures many store-brand foods that are sold in [[grocery store|grocery]] outlets across the United States under the retailers' private labels. In late 2007, Ralcorp signed an agreement with [[Kraft Foods]] to acquire the [[Post Holdings|Post Cereals]] brands, thus returning to the major-branded cereal business. The acquisition was completed August 4, 2008.<ref name="Ralcorp">{{Cite web | url = http://phx.corporate-ir.net/phoenix.zhtml?c=102251&p=irol-newsArticle&ID=1182967&highlight= | title = Ralcorp Announces Completion of Post Cereals Merger | access-date = September 8, 2008 | publisher = Ralcorp Holdings, Inc. | work = }}{{dead link|date=September 2017 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Another brand name product Ralcorp makes and markets is [[Ry-Krisp]] [[crisp bread]].


===Purchase by ConAgra===
===Purchase by ConAgra===
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** [[Carriage House Companies Inc.|Carriage House Companies]] (formed 2000)
** [[Carriage House Companies Inc.|Carriage House Companies]] (formed 2000)
* Ralston Foods<ref>{{cite web|url=http://ralstonfoods.com/|title=Ralston Foods|author=Ralston Foods|publisher=}}</ref>
* Ralston Foods<ref>{{cite web|url=http://ralstonfoods.com/|title=Ralston Foods|author=Ralston Foods|publisher=}}</ref>
** Bloomfield Bakers/Lovin Oven LLC<ref>http://bloomfieldbakers.com/ {{Dead link|date=October 2016}}</ref> (acquired 2009)
** Bloomfield Bakers/Lovin Oven LLC<ref>{{cite web |url=http://bloomfieldbakers.com/ |title=Archived copy |accessdate=2013-11-01 |deadurl=yes |archiveurl=https://web.archive.org/web/20131103095059/http://bloomfieldbakers.com/ |archivedate=2013-11-03 |df= }} </ref> (acquired 2009)


== See also ==
== See also ==

Revision as of 17:53, 14 September 2017

Ralcorp Holdings, Inc.
Native name
TreeHouse Private Brands, Inc.
Company typeSubsidiary of TreeHouse Foods
IndustryFood production
Founded1994 (1994) in St. Louis, Missouri (spun off from Ralston Purina)
Headquarters
Bank of America Plaza
St. Louis, Missouri
,
United States
Key people
Richard Koulouris (VP and President)
ProductsPrivate brand foods sold under the individual labels of various grocery, mass merchandise and drugstore retailers, and frozen bakery products sold to in-store bakeries, restaurants and other foodservice customers

Ralcorp Holdings is a manufacturer of various food products, including breakfast cereal, cookies, crackers, chocolate, snack foods, mayonnaise, pasta, and peanut butter. The company is based in St. Louis, Missouri. The majority of the items Ralcorp makes are private-label, store-brand products. It has over 9,000 employees.[1] Ralcorp has its headquarters in the Bank of America Plaza in downtown St. Louis.[2]

History and description

A 1922 newspaper advertisement for Ralston Whole Wheat cereal

Originally part of Ralston Purina, the Ralston name was more associated with food for humans; soda crackers and a farina cereal, among other products, were marketed under this name. Ralcorp can trace its ancestry to 1898 when William H. Danforth of Purina Mills, which made animal feeds, began making breakfast cereal. He sought and received the endorsement of Webster Edgerly (Dr. Ralston) who founded the Ralstonism social movement.[3] Ralston cereal became so successful that Purina Mills was renamed Ralston Purina in 1902.[4] Ralston Purina also for many years produced the familiar line of Chex and Cookie Crisp cold breakfast cereals. The animal and human food businesses were seemingly only tenuously related. In 1994, the human food business was spun off to Ralcorp Holdings, operating as Ralston Foods, which then sold its branded breakfast cereal lineup to General Mills and its Continental Baking division (Wonder Bread and Twinkies) to Interstate Bakeries. The Purina part of the company is now split. The pet-food company sold to Nestlé is now called Nestlé Purina PetCare. The livestock-feed company is called Purina Mills, LLC, and is a unit of Land O'Lakes. Ralcorp manufactures many store-brand foods that are sold in grocery outlets across the United States under the retailers' private labels. In late 2007, Ralcorp signed an agreement with Kraft Foods to acquire the Post Cereals brands, thus returning to the major-branded cereal business. The acquisition was completed August 4, 2008.[5] Another brand name product Ralcorp makes and markets is Ry-Krisp crisp bread.

Purchase by ConAgra

In 2011, Ralcorp received an offer for the company from ConAgra Foods. Ralcorp resisted the attempt. Ralcorp also announced it was spinning off its Post Foods unit.[6] The spinoff was completed in 2012.[7] On November 27, 2012, ConAgra officials announced they were purchasing Ralcorp, pending Ralcorp shareholder approval, for about $4.95 billion. Stockholders of Ralcorp Holdings Inc. would receive $90 per share. The acquisition was completed in January 2013.[8] As a result, ConAgra is the largest private-label packaged food business in the United States.[9]

Purchase by TreeHouse Foods, Inc

Feb. 1, 2016 TreeHouse Foods announced that it completed the acquisition of ConAgra Foods' private brands operations. "TreeHouse paid $2.7 billion in cash plus transaction expenses for the business and financed the transaction through the closing of its previously announced offerings of $775 million in aggregate principal senior notes due 2024 with a 6.0% annual interest rate and common stock issuance of 13.3 million shares at a price of $65 per share (which includes the exercise, in full, of the overallotment option), aggregating $862.5 million in gross proceeds. The remainder of the purchase price was financed under the Company's revolving credit facility." [10] The rumor of the deal was first broke in October 2015. According to a FoodProcessing.com article from 10/23/2015:"TreeHouse Foods is rumored to be in advanced talks to purchase the Ralcorp business from ConAgra Foods in a deal valued at $2.5- to $2.7 billion, according to a report from Reuters." This was a huge loss from the $5.1 Billion ConAgra paid for Ralcorp two years earlier.[11]

Subsidiaries

See also

References

  1. ^ "Symbol Lookup from Yahoo! Finance".
  2. ^ "TreeHouse Foods - Welcome".
  3. ^ Hoolihan, Christopher; Atwater, Edward C. An Annotated Catalogue of the Edward C. Atwater Collection of American Popular Medicine and Health Reform, Volume 1, A-L, University of Rochester Press, 2002, p. 223. ISBN 1-58046-098-4
  4. ^ "Pushing Pet Nutrition Forward - Purina® Pet Food & Products". Retrieved October 25, 2016.
  5. ^ "Ralcorp Announces Completion of Post Cereals Merger". Ralcorp Holdings, Inc. Retrieved September 8, 2008.[permanent dead link]
  6. ^ Boyle, Matthew (July 14, 2011). "Ralcorp to Spin Off Post Foods After Failing to Find Buyer". Bloomberg.
  7. ^ "Ralcorp Completes Separation of Post Cereals Business". Ralcorp Holdings, Inc. February 6, 2012. Retrieved September 6, 2012.
  8. ^ "ConAgra Foods Completes Acquisition of Ralcorp - News Room - ConAgra Foods". conagrafoods.
  9. ^ "ConAgra Foods to make big purchase". Associated Press via KTVO-TV. November 27, 2012. Retrieved November 28, 2012. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
  10. ^ Inc., TreeHouse Foods,. "TreeHouse Foods Completes the Acquisition of ConAgra's Private Brands Business". www.prnewswire.com. Retrieved 2017-02-23. {{cite web}}: |last= has generic name (help)CS1 maint: extra punctuation (link) CS1 maint: multiple names: authors list (link)
  11. ^ Editor, Lauren R. Hartman, Product Development. "TreeHouse Foods In Talks to Buy ConAgra's Ralcorp". Food Processing. Retrieved 2017-02-23. {{cite news}}: |last= has generic name (help)CS1 maint: multiple names: authors list (link)
  12. ^ "TreeHouse Foods Frozen - Home".
  13. ^ "The deal: Ralcorp Holdings Inc. acquires Bakery Chef". St. Louis Business Journal. December 14, 2013.
  14. ^ Reed Fujii. "Lodi's Cottage Bakery sells for $170.8 million". recordnet.com.
  15. ^ "Ralcorp Frozen - Premium Deli Breads".
  16. ^ "Earl of Sandwich premium deli breads" (PDF). ralcorpfrozen.com.
  17. ^ "Ralcorp Frozen - Home".
  18. ^ "Bakery Chef acquisitions fuel growth". St. Louis Business Journal. January 10, 2000. [dead link]
  19. ^ "TreeHouse Foods - Welcome".
  20. ^ Ralston Foods. "Ralston Foods".
  21. ^ "Archived copy". Archived from the original on 2013-11-03. Retrieved 2013-11-01. {{cite web}}: Unknown parameter |deadurl= ignored (|url-status= suggested) (help)CS1 maint: archived copy as title (link)
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