TribLIVE

| Business

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

Post to purchase PowerBar, Musashi brands from Nestle

Email Newsletters

Click here to sign up for one of our email newsletters.

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. Operating loss mounts at Highmark’s core hospital system
  2. FNB buying Harrisburg-based Metro Bancorp
  3. Polymer Enterprises finds success in specialty tire market
  4. Obama’s Clean Power plan doesn’t change much; opponents remain firm
  5. Coal producer Alpha Natural Resources files for bankruptcy
  6. Muni bond funds stressed
  7. Companies hand out perks, benefits instead of pay raises
  8. Shell shovels millions into proposed Beaver County plant site
  9. Auto sales strong in July on SUV, luxury demand
  10. Slump in energy stocks drags down Dow, S&P
  11. Oil prices slip on persistent fears of glut