- ConAgra (NYSE:CAG) has started talks with TreeHouse Foods (NYSE:THS) and Post Holdings (NYSE:POST) regarding the sale of its Ralcorp private label unit, which could be valued at ~$3.5B, Reuters reports.
- The companies are said to have joined P-E firms including Apollo Global Management (NYSE:APO) and Cerberus Capital Management in the auction for Ralcorp.
- Ralcorp, which makes private label cereal, pasta, crackers, jams and jellies, syrups and frozen waffles, has been plagued by integration costs and pressured profit margins since it was acquired by CAG for $5.1B in 2013.