04:48 PM EDT, 06/03/2025 (MT Newswires) -- Post (POST) said late Tuesday it has agreed to acquire 8th Avenue Food & Provisions for nearly $880 million, including the assumption of $111 million of finance leases.

The company said it expects to complete the deal on July 1, gaining 1,580 employees and $115 million in adjusted earnings before interest, taxes, depreciation and amortization in the first year, with $15 million in cost synergies by fiscal year 2026.

Post plans to finance the acquisition using a mix of cash on hand and borrowings from its existing credit facility.

Post also raised its fiscal year 2025 adjusted EBITDA guidance to $1.46 billion to $1.50 billion from $1.43 billion to $1.47 billion, contingent on the completion of the deal.