Cereal maker Post to move HQ from Missouri to Minnesota

2 years 11 months 1 week ago Friday, May 15 2015 May 15, 2015 Friday, May 15, 2015 11:43:37 AM CDT May 15, 2015 in News
By: The Associated Press

ST. LOUIS (AP) - Post Holdings said it is merging two of its cereal businesses, moving its headquarters from St. Louis to Minnesota and closing a New Jersey office, affecting about 200 employees.

Post said Friday it will offer affected employees severance and transition assistance. The company didn't specify how many St. Louis workers would be impacted.

Post expects to incur $27 million to $30 million in employee severance, retention and relocation payments as part of the relocation. The company said consolidating its Post and MOM Brands cereal business it is buying will save about $50 million.

The company plans to close an office in Parsippany, New Jersey, within a year.

Post cereal brands include Honey Bunches of Oats and Grape Nuts. MOM Brands makes ready-to-eat cereals and hot wheat and oatmeal products.

 

More News

Grid
List
COLUMBIA – The Columbia City Council met Monday night in a work session to discuss ways to improve Columbia's water... More >>
6 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 8:00:00 PM CDT April 23, 2018 in Top Stories
COLUMBIA – Hundreds gathered at the first ever Japanese Spring Festival on MU’s campus Monday afternoon. Student Momoko Tamamura came... More >>
6 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:21:00 PM CDT April 23, 2018 in Top Stories
JEFFERSON CITY – One local woman is reflecting on her decision to vote for President Donald Trump after some have... More >>
7 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 7:00:00 PM CDT April 23, 2018 in Top Stories
ST. LOUIS (AP) — The law firm representing the ex-husband of the woman who had an affair with Missouri... More >>
8 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:45:00 PM CDT April 23, 2018 in Continuous News
JEFFERSON CITY (AP) — A Democratic Missouri state lawmaker says he won't step down despite facing backlash for repeatedly calling... More >>
8 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:21:20 PM CDT April 23, 2018 in Continuous News
COLUMBIA - MU staff members spent Monday afternoon discussing how the university could become Columbia's "employer of choice" again with... More >>
8 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 5:05:00 PM CDT April 23, 2018 in News
COLUMBIA - Residents moving into the Lynn Street Cottages in Columbia not only obtain four new walls, they also receive... More >>
9 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:14:00 PM CDT April 23, 2018 in News
COLUMBIA - Students at Rock Bridge High School will be attending prom this weekend, and for the first time ever,... More >>
9 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 4:13:00 PM CDT April 23, 2018 in Continuous News
JOPLIN - An EF-5 tornado struck the city of Joplin on May 22, 2011. The next day Jeff Neal, a... More >>
10 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 3:29:00 PM CDT April 23, 2018 in News
JEFFERSON CITY – Tax reform in Missouri is one step closer to becoming a reality. The Missouri House Ways... More >>
11 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:56:00 PM CDT April 23, 2018 in News
JOPLIN - More businesses, new schools and new homes- one drive through Joplin reveals a clear transformation from devastation to... More >>
11 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:20:00 PM CDT April 23, 2018 in News
JEFFERSON CITY – Lawmakers in Missouri added a $3 million dollar line to the Attorney General’s budget for sexual assault... More >>
11 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 2:11:00 PM CDT April 23, 2018 in News
NASHVILLE, Tenn. (AP) — The Latest on shooting at Tennessee restaurant that left four dead (all times local):... More >>
12 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 1:22:00 PM CDT April 23, 2018 in News
COLUMBIA - When it comes to losing weight, many of us start with looking at our diet. Are we eating... More >>
13 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 12:21:00 PM CDT April 23, 2018 in Weekly Wellness
ST. LOUIS (AP) — Attorneys for Missouri Gov. Eric Greitens say they will seek to disqualify prosecutors in the... More >>
14 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 11:37:40 AM CDT April 23, 2018 in News
JEFFERSON CITY - Only one week old, Molly was outside in the snow and sleet. She was found in a... More >>
14 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 11:14:00 AM CDT April 23, 2018 in News
SEDALIA (AP) — A former volunteer at a small Missouri museum has been charged with stealing thousands of dollars' worth... More >>
14 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 11:04:00 AM CDT April 23, 2018 in News
COLUMBIA -Bullets hit a Columbia residence early Sunday morning while five people were inside. It happened just after 4... More >>
16 hours ago Monday, April 23 2018 Apr 23, 2018 Monday, April 23, 2018 9:59:00 AM CDT April 23, 2018 in News
Columbia, MO
Broken Clouds 57°
2am 55°
3am 54°
4am 53°
5am 52°