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Ralcorp acquires Petri Baking Products

Ralcorp Holdings Inc. officials said today that it has completed an acquisition of Petri Baking Products Inc., a producer of private-brand soft-style and crunchy cookies. Terms of the transaction were not disclosed. Petri Baking Products is based in Silver Creek, N.Y., and it employs more than 240 people. St. Louis-based food company Ralcorp Holdings (NYSE: RAH), led by President and CEO Kevin Hunt, reported fiscal 2011 sales of $4.7 billion. Read More…