RICHARDSON TO ACQUIRE PASTA BUSINESS OF 8TH AVENUE FOOD & PROVISIONS

WINNIPEG, MB, Aug. 29, 2025 /PRNewswire/ - Richardson (US) Holdings Limited ("Richardson"), the US subsidiary of Richardson International Limited, today announced it has entered into a definitive agreement with Post Holdings, Inc. ("Post") to acquire the pasta business of 8th Avenue Food & Provisions, Inc. ("8th Avenue"). The acquisition expands Richardson's food and ingredients presence in the US, adding production facilities and well-known brands to its portfolio.

The transaction includes three production facilities – located in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia – as a well as the Ronzoni^® retail brand. By integrating further down the value chain into pasta, Richardson will strengthen its ability to connect its leading position in North American durum origination and milling to the production of finished pasta products.

"This acquisition represents an exciting new chapter for Richardson," says Darwin Sobkow, President and CEO of Richardson International. "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."

Following the transfer of shares, approximately 500 employees from 8th Avenue will join Richardson, enhancing the company's capabilities in the North American food sector. Future strategy will emphasize innovation and growth in both retail and foodservice pasta markets.

The agreement is subject to customary regulatory approvals and conditions. Closing is expected later this year.

BMO Capital Markets Corp. Is serving as financial advisor and Koley Jessen as legal counsel to Richardson International Limited on the transaction.

About Richardson International
Headquartered in Winnipeg, Manitoba, Richardson International Limited ("Richardson"), a wholly-owned subsidiary of James Richardson & Sons, Limited, is a global leader in agriculture and food processing. As a key handler of North American grains and oilseeds, Richardson operates as a vertically integrated processor and manufacturer of oats, durum, and canola-based products. Over the past two decades, the company has secured its role as a major player in the global food business, providing innovative products and ingredients for retail, food service, and industrial markets. Its success is fueled by the dedication and ingenuity of over 3,600 employees worldwide.

About Post Holdings, Inc.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company with businesses operating in the center-of-the-store, refrigerated, foodservice and food ingredient categories. Its businesses include Post Consumer Brands, Weetabix, Michael Foods and Bob Evans Farms. Post Consumer Brands is a leader in the North American branded and private label ready-to-eat cereal, pet food, peanut butter and pasta categories. Weetabix is home to the United Kingdom's number one selling ready-to-eat cereal brand, Weetabix^®. Michael Foods and Bob Evans Farms are leaders in refrigerated foods, delivering innovative, value-added egg and refrigerated potato side dish products to the foodservice and retail channels. For more information, visit www.postholdings.com.

SOURCE Richardson International Ltd.