Post Holdings Inc. pivots from the direction prevailing across major food firms by planning to spinoff its nutritional products business, with a portfolio including PowerBar, rather acquiring additional brands and businesses from the dietary supplement sector.
The firm's planned initial public offering of shares amounting to 25% ownership in its "Active Nutrition" business, which it would operate as BellRing Brands Inc., targets unlocking value in the division currently held down by its other units. Post's competitors in the cereal space, [Kellogg Co.] and General Mills Inc