Richardson to acquire the pasta business from Post Holdings-backed 8th Avenue Food & Provisions for $375m.

Richardson, an agricultural and food industry company, agreed to acquire the pasta business from Post Holdings-backed 8th Avenue Food & Provisions, a brand-centric, consumer products holding company, for $375m. "This acquisition represents an exciting new chapter for Richardson. The handling and milling of durum wheat is a core strength of our business, and the opportunity to extend our reach into pasta builds directly on that foundation. We look forward to welcoming members of the 8th Avenue team as we continue to serve customers across North America," Darwin Sobkow, Richardson President and CEO.