September 28, 2016 9:35 PM ET

Food Products

Company Overview of MOM Brands Company

Company Overview

MOM Brands Company produces and sells breakfast cereal products in the United States. It offers farina-based hot cereals, hot wheat cereal, cold cereals, oatmeal, ready-to-eat cereals, and other cereals. The company sells its products through a network of retail stores in Canada, Mexico, Central America, and the Caribbean. MOM Brands Company was formerly known as Malt-O-Meal Company and changed its name to MOM Brands Company in February 2012. The company was founded in 1919 and is based in Lakeville, Minnesota. As of May 4, 2015, MOM Brands Company operates as a subsidiary of Post Holdings, Inc.

20802 Kensington Boulevard

Lakeville, MN 55044

United States

Founded in 1919

Phone:

952-322-8000

Fax:

952-322-8003

Key Executives for MOM Brands Company

Director of Corporate Communications
Director of Consumer Marketing and Strategy
Director of Brand Management
Sales Manager of Southeast Region -Food Service
Sales Manager of West Region -Food Service
Compensation as of Fiscal Year 2016.

MOM Brands Company Key Developments

Post Consumer Brands Reports Unaudited Earnings Results for the First Quarter Ended December 31, 2015

Post Consumer Brands reported unaudited earnings results for the first quarter ended December 31, 2015. For the quarter, the company reported net sales of $411.6 million for the first quarter, up $194.1 million over the reported prior year first quarter. On a comparable basis, net sales declined 0.9%, or $3.8 million, over the same period in fiscal 2015 with volumes flat. Growth in net sales and volume for Pebbles, Honey Bunches of Oats and co-manufacturers was offset by declines for MOM branded products, which cycled a heavily promoted period in the prior year. Segment profit was $62.9 million and $37.6 million for first quarter 2016 and 2015, respectively. First quarter 2016 segment profit was negatively impacted by integration expenses of $7.9 million. Segment Adjusted EBITDA was $97.2 million and $49.8 million for first quarter 2016 and 2015, respectively. Operating profit was $62.9 million compared to $37.6 million a year ago.

Mom Brands Co. Announces Executive Changes

The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has expired with respect to Post Holdings Inc.'s proposed acquisition of Mom Brands Co. This expiration satisfies one of the closing conditions of the transaction. Upon closing, Mom Brands chairman and chief executive officer Chris Neugent will continue to lead the Mom Brands business as president, reporting to Richard K. Koulouris, who is joining Post Holdings February 9 to lead the combined Post Foods and Mom Brands cereal business.

Chris Neugent to Lead Mom Brands Business as President

MOM Brands will be merged with Post Foods, part of POST's Consumer Brands Group. The combined cereal business will be led by Richard R. Koulouris, who will join the company on February 9. Chris Neugent, Chairman and CEO of MOM Brands, will lead the MOM Brands business as President reporting to Koulouris.

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Recent Private Companies Transactions

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