Post Holdings to acquire National Pasteurized Eggs
NPE's patented in-shell pasteurization process allows for commercial-scale production of pasteurized eggs.
Post Holdings, Inc., St. Louis, announced plans to acquire National Pasteurized Eggs, Inc. (NPE), Lansing, Ill.
NPE is a producer of pasteurized shell eggs, including all-natural, cage-free and hard boiled eggs. Its patented in-shell pasteurization process allows for commercial-scale production of pasteurized eggs. NPE operates three egg production facilities in Illinois, Iowa and South Dakota, and distributes products nationwide to foodservice, retail and international channels.
Upon completion of the acquisition, NPE will be combined with Post’s existing Michael Foods egg business, which just announced plans to convert its egg layer farm into a cage-free operation.
“This transaction continues our effort at building upon Michael Foods’ best-in-class egg foodservice business,” says Rob Vitale, Post’s president and CEO.
Post anticipates completing the acquisition early in the first quarter of fiscal 2017.