Author: Keith Nunes

St. LOUIS — Post Holdings Inc. is acquiring several pet food brands and manufacturing assets from The JM Smucker Co. for about $1.2 billion. The acquisition will give Post Holdings a compelling entry point into the growing pet food category, according to the company.Brands to be acquired include Rachael Ray Nutrish, Nature’s Recipe, 9Lives, Kibbles ‘n Bits and Gravy Train. The brands combined generated sales of $1.5 billion in the year ending April 30, 2022, according to The JM Smucker Co.In an Investor Day presentation on December 14, 2022, Tucker Marshall, chief financial officer of The JM Smucker Co., told…