Post Holdings Completes Acquisition of American Blanching Company

ST. LOUIS, Nov. 3, 2014 (GLOBE NEWSWIRE) -- Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it has completed the previously announced acquisition of private label peanut butter manufacturer American Blanching Company, effective November 1, 2014.

About Post Holdings, Inc.

Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, active nutrition, refrigerated and private label food categories. Post's Consumer Brands portfolio spans from center-of-the-store to active nutrition, offering a broad range of choices to meet the taste and nutritional needs of a variety of consumers and includes recognized brands such as Honey Bunches of Oats®, Pebbles™, Great Grains®, Grape-Nuts®, Honeycomb®, PowerBar®, Premier Protein®, Supreme Protein® and Dymatize®. Through its Michael Foods Group, Post supplies value-added egg products, refrigerated potato products, cheese and other dairy case products and dry pasta products to the private label retail, foodservice and ingredient channels and markets retail brands including All Whites®, Better'n Eggs®, Simply Potatoes® and Crystal Farms®. Post also manufactures private label cereal, granola, peanut butter and other nut butters, dried fruits and baking and snacking nuts. For more information, visit www.postholdings.com.
CONTACT: Investor Relations Brad Harper (314) 644-7626

American Blanching to be acquired by Post Holdings

Press Release - August 8, 2014

We are pleased to announce Post Holdings, Inc. (“Post”) has expressed its intention to acquire American Blanching Company (“ABC”) of Fitzgerald, Georgia.  We anticipate that this transaction will close in the final calendar quarter of 2014.  It is expected that ABC will combine with Golden Boy Foods Ltd. (“GBF”) to become the largest private label and contract manufacturing nut butter organization in North America with revenues, when combined with GBF’s Fruit and Nut business, exceeding US$ 400 million. 

 GBF is a leader in private label peanut and other nut butters, as well as being a leader in private label, natural and organic baking and snacking nuts. ABC is a leading supplier of conventional and value-added peanut butter to top retail, food service and industrial customers in the US.  ABC has a significant contract manufacturing presence and supplies a broad range of customers in a variety of peanut butter formats.  Additionally, ABC provides commercial blanching, cleaning and sorting services to major peanut shellers in the Southeast U.S.  When combined with GBF, the company will have expanded capabilities and be recognized as a leader in all key category segments including conventional peanut butter, organic peanut butter, tree nut butter and value-added flavored nut butters.  These capabilities provide a breadth of offerings not broadly available in the industry today and represent a significantly enhanced service platform for the combined companies that are attractive across all customer channels.

 Jack Warden, currently President and CEO of ABC, will be named President of the Nut Butter Business Unit reporting to Paul Henderson, President and CEO of GBF.

 Phil de Vooght, Vice President and Chief Customer Officer will be responsible for Sales within the new organization.  

 Regards,

 Paul Henderson, President & CEO

     Golden Boy Foods Ltd.

Jack Warden, President & CEO

     American Blanching Company 

American Blanching Plans Distribution Center in Fitzgerald, Georgia

Press Release - June 19, 2014

American Blanching has acquired property adjacent to its existing manufacturing plants in Fitzgerald, Georgia. The new property includes an existing 210,000 square foot building which ABC plans to convert into a distribution center and warehouse facility. "This gives us the opportunity to consolidate our distribution and warehouse activities under one roof. In addition, the planned facility offers the option of warehousing and mixing products in the future to support the planned growth in our business" 

Jack Warden, President and CEO

American Blanching and peanut industry donates peanuts and peanut butter to tornado victims

Slide2

 

Peanut Proud and the Georgia Peanut Commission loaded 20 pallets (28,800 jars) of peanut butter May 2 to send to families affected by the recent tornado disasters in Arkansas, Mississippi and Alabama. Donations were made by Kroger, American Blanching and Peanut Proud. An additional truckload is scheduled to ship the week of May 5. "I want to thank everyone in the peanut industry for the great support given to this effort and Peanut Proud," said Gregg Grimsley Peanut Proud president. "It's very gratifying to see the amount of support from the people who work in the industry." The Georgia Peanut Commission donated approximately 7,500 packs of roasted Georgia peanuts towards this project to assist families in Arkansas, Mississippi and Alabama who have been devastated by the tornadoes. GPC chairman, Armond Morris says GPC was happy to assist in the donation. "On behalf of the peanut farmers in the state of Georgia, we are glad to take part in the donation to help families affected by the tornado disasters," says Morris. "Peanuts and peanut butter are a great food source during a situation such as this; refrigeration and cooking are not required and it provides a life-sustaining nutritional benefit." The peanut industry is working with the Arkansas Peanut Growers Association, the Mississippi Peanut Growers Association, as well as the Alabama Peanut Producers Association to deliver the peanut products to distribution centers in the areas affected. Peanut Proud is the humanitarian relief organization of the U.S. peanut industry. Individuals wanting to make a donation to Peanut Proud for humanitarian efforts may do so online or send their check made payable to "Peanut Proud" and mail to P.O. Box 446, Blakely, Georgia, 39823.

ABC Donates Peanut Butter to Introduce State Legislators to Fitzgerald

Picture9Every year the State of GA has an opening session of the General Assembly at The State Capital.  At this initial meeting for the year people from all over the state go to meet the state lawmakers and “lobby” for their communities or businesses.  This year, the Fitzgerald/Ben Hill County Chamber of Commerce  and the Fitzgerald Economic Development authority was armed and ready with goodies from American Blanching Company.

ABC donated 400 jars of the ABC brand Peanut Butter to the local Chamber of Commerce to take with them and give away to the legislators at the state.  

Alan Milton featured speaker at PMCA Conference

PMCA

 

 

 

 Alan Milton will be a featured speaker at the 67th Annual PMCA production conference to be held April 15-17th in Lancaster, PA. Alan, who has over 35 years’ experience in the food industry, is our Director of Quality and Food Safety. He will speak on the recent challenges that have surfaced in peanut butter, together with historical issues, both of which have provided valuable lessons to the peanut industry. His discussion will explore how the lessons learned have been applied in our facility which processes blanched peanuts, dry roasted peanuts, granulated peanuts and peanut butter.

American Peanut Council member spotlight features interview with American Blanching CEO

1. You have been the CEO of American Blanching for two years now – how has the peanut drought of 2011 and the surplus of 2012 affected your business?

 

"First I would be remiss if I did not mention the efforts of the employees of American Blanching.  There is a great team here that is very committed to what they do and it is a pleasure to work with them.  2011 was a challenge on the blanching side due to the poor quality of the crop and the prevalence of Aflatoxin which placed a demand on blanching services that exceeded industry capacity.  We worked with our shellers to minimize the effect on their customers."

2012 has brought a surplus and "now that there is a plentiful supply of peanuts and good quality to boot, we are excited to see a lot of our peanut butter customers back promoting their products and introducing new items.  Our blanching and peanut butter business remains solid and we continue to make investments in our infrastructure to strengthen our food safety program which received an "A" rating by the BRC for the past two years.   Our mindset is one of continuous improvement where we basically are always looking for ways we can improve our performance," says Jack Warden.

2. Do you process only USA grown peanuts?  If not, what other country of origin peanuts do you process?

"As a test, we processed a few loads of peanuts from Argentina last year when the supply looked to be short.  Aside from that we have only handled U.S. grown peanuts for the past 2+ years. "

3. How are peanuts "blanched"?  Are the peanuts that are roasted and/or made into granules also blanched?

"The process of blanching involves two steps:" adds Jack, "first the peanut is subjected to heat and then cooled to weaken the bond between the skin and the kernel. Then the skin is removed as gently as possible to minimize breakage and yield loss.  Un-blanched or partially blanched peanuts are screened out using electronic sorting equipment."

4. American Blanching processes peanuts in five different ways: blanched, roasted, granules, peanut butter and peanut paste. Which area is the largest for ABC and which area do you feel offers the most growth?

"From a volume standpoint, blanching and the production of peanut paste/butter are about equal for us.  Of course the 2010 and 2011 crop created special challenges for everyone in the peanut industry and especially for us in the blanching business since the demand for blanching services exceeded the industry's capacity. "

5. Do you feel that the market is requesting more organically grown product?

"We don't see an increase in consumer demand from our vantage point for organically grown peanuts.   Certainly there is a loyal consumer base for organic peanuts and peanut butter but for us the larger growth opportunity appears more in the area of innovation such as peanut butter enhanced with inclusions and flavors."

6. With the trend for healthful snacking on the rise, how is ABC positioned to continue to grow and capture this trend.

"ABC has been one of the leaders in the development of unique and innovative products especially around flavored peanut butter and peanut butter with inclusions such as nuts, granola, and fruit.  Peanuts and peanut butter have long been recognized as a healthy way to snack.  With the recent introduction of some of the new peanut butter formulas there is some real excitement about peanut butter being a great way to snack."

7. With all the protein –rich peanut products that are produced by ABC, do you also provide peanut paste, the main ingredient for making Ready-to-use-Therapeutic (RUTF) food, to help the malnourished?

"Yes, we supply the base peanut paste formula directly to MANA who in turn adds other ingredients and packages it into the final RUTF (ready to use therapeutic food) formula.  We also work with MANA to provide them with technical support on formulations when requested. It is a great partnership between the two companies," says Jack.

MANA (Mothers Administrative Nutritive Aid) produces RUTF to help the severely malnourished around the globe.  MANA CEO, Mike Moore, recently opened his factory to produce RUTF in Fitzgerald, GA and works closely with Jack at ABC. (http://mananutrition.org/about_us)

8. American Blanching has been a member of the American Peanut Council for a long time. How has membership helped with your company's growth?

"As in most business so much of your success depends on relationships.  APC has allowed us to connect with customers, suppliers and experts, which has been a key to our growth. "

American Blanching Company | 155 Rip Wiley Road | P.O. Box 1028 | Fitzgerald, GA 31750
Map and Directions | Privacy Policy

 American Blanching is an 8th Ave Food & Provisions Company

Login