TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Post to purchase PowerBar, Musashi brands from Nestle

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

By The Associated Press
Tuesday, Feb. 4, 2014, 12:01 a.m.
 

Post Holdings Inc. is buying the PowerBar and Musashi brands from Nestle SA, further diversifying its business by expanding into the active nutrition category.

Financial terms were not disclosed.

The PowerBar and Musashi brands make premium bars, powders and gels. Musashi is a leading sports nutrition brand in Australia. The transaction includes other related worldwide assets.

St. Louis-based Post makes cereals such as Grape-Nuts, Great Grains and Honeycomb. It completed its $370 million acquisition of Dakota Growers Pasta Company Inc. in January.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Stocks fall further from record highs
  2. Impact fees garner support from state community leaders
  3. Sales, profit rebound as American Eagle Outfitters returns to roots
  4. Concurrent Technologies focuses on developing batteries for renewable energy, electric cars
  5. Oakland firm Qualaris Healthcare’s software saves time in hospitals
  6. Shift in what powers the grid raises concerns about fuel diversity
  7. Pittsburgh Business Ethics Awards honors outstanding efforts
  8. Protesters refuse to pay back education loans
  9. ‘Shark Tank’ companies have change of heart
  10. Lower tax rate to help Mylan extend buying spree
  11. Foreign central banks buck Fed, cut interest rates