Chat with us, powered by LiveChat

Ralcorp acquires Italian frozen meal maker Gelit

Ralcorp Holdings Inc. has completed the acquisition of Gelit S.r.l., an Italian producer of private-brand, frozen ready made meals that has annual sales of $45 million, Ralcorp officials said. Terms of the deal were not disclosed. Ralcorp anticipates the transaction will provide $0.05 of GAAP accretion and $0.07 of cash accretion to adjusted diluted earnings per share in the first 12 months of ownership, excluding one-time costs. Read More…