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Ralcorp Holdings acquired an Italian frozen meals producer
date:Jun 19, 2012
We believe this combination further strengthens our position as a diversified provider of private-brand foods and adds numerous strategic benefits to our pasta platform, said Kevin J. Hunt, chief executive officer and president of Ralcorp.
Ralcorp expects the transaction to deliver 5c GAAP accretion and 7c cash accretion to adjusted diluted earnings per share during the first year of ownership, excluding one-time costs.
Gelit has annual net sales of about $45 million and is based in Cisterna di

12/19 16:34