Post Holdings picks up Weetabix in £1.4bn deal

US-based Post Holdings has acquired breakfast cereal company Weetabix Limited in a £1.4bn deal. The sellers were state owned Bright Food Group and an investment fund advised by Baring Private Equity Asia, who will make a joint venture alongside Post to manage Weetabix China operations. Weetabix, founded 1932, is a UK-based packaged food company, producing …