Dakota Growers Pasta, Headquarters In Carrington, ND, To Be Bought By Post

Post to Acquire Dakota Growers Pasta for $370 mln; expected to be immediately accretive to Post's results:

Co announces has signed a definitive agreement to acquire Dakota Growers Pasta Company from Viterra Inc., a wholly-owned subsidiary of Glencore Xstrata (XSRAY). Dakota Growers is a leader in the ~$5 bln North American pasta market, with leadership positions in the private label retail, foodservice and ingredient channels. 

Terms of the deal call for $370 mln in cash to be paid at the time of closing, on a cash-free, debt-free basis, subject to a working capital adjustment.  The acquisition will be funded by a combination of cash on hand and up to Co announces has signed a definitive agreement to acquire Dakota Growers Pasta Company from Viterra Inc., a wholly-owned subsidiary of Glencore Xstrata (XSRAY). Dakota Growers is a leader in the ~$5 bln North American pasta market, with leadership positions in the private label retail, foodservice and ingredient channels.

Dakota Growers Pasta Company, headquartered in Carrington, ND, is the third largest pasta manufacturer and marketer of dry pasta products in North America.  History at wiki.

Post, known for its "Post" cererals, has a market cap of $1.43 billion.

Cool.