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Post to pay $370 million cash in deal to close in January ,[url=http://www.hotyoupro.com]The north face jackets sale[/url]
ST. LOUIS, Sept. 16 () -- Breakfast cereal company Post Holdings Inc. said Monday it would buy Dakota Growers Pasta Co. Inc. to expand into a $5 billion U.S. market."Dakota Growers is a leader in the approximately $5 billion North American pasta market, with leadership positions in the private label, retail, food service and ingredient channels," Post said in a statement.Post said the deal, which is expected to close in January, includes production facilities in Carrington, N.D., and New Hope, Minn. The deal is structured as a $370 million cash deal. After the closing, Dakota Growers will be managed independently with an executive team lead by Ed Irion,[url=http://www.hotyoupro.com]The north face jackets clearance[/url], the company's vice president and general manager.The deal is expected to contribute $300 million in net sales and $42 to $46 million in earnings before interest, taxes, depreciation and amortization, Post said.