date:Aug 03, 2012
As part of the effort, Ralcorp will consolidate its Cereal, Pasta, and Snacks, Sauces Spreads businesses into a single center-store private brand food company.
Ralcorp said the initiative should generate annual pre-tax cost savings of approximately $26 million to $31 million in fiscal 2013. The savings will be incremental to the companys ongoing Accelerated Cost Reduction programs.
Additionally, Ralcorp said the initiatives will result in one-time pre-tax costs of about $17 million to $22 mill