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Post Holdings announces completion of its US$235M acquisition of Perfection Pet Foods; the deal was initially announced back in October

GlobalData forecasts US pet care volume sales to grow 1.9% year-over-year in 2023, noting promising longer-term growth in pet food category; Post Holdings' acquisition of Perfection Pet Foods for US$235M is indicative of opportunistic pet food market

Post Holdings to acquire Perfection Pet Foods for US$235M, expects to expand manufacturing capacity and enter co-manufacturing pet food category; acquisition is projected to contribute approximately US$25M of Adjusted EBITDA in next 12 months

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