St. Louis / MO. (pfh) Post Holdings Inc., a leading manufacturer, marketer and distributor of branded ready to eat cereals, announced that it is considering closing its manufacturing facility in Modesto, California to improve operational efficiency and to better position the Company for future growth. Post will be soliciting input from the union that represents the hourly employees to ensure that employees´ interests are represented before the Company makes a final decision on the matter, which is expected by the end of April 2013. «We are committed to addressing our excess capacity», said Terence E. Block, President and Chief Operating Officer. «This initiative, if we proceed, would provide the increased efficiency necessary to compete in today´s environment». The Modesto plant has approximately 140 employees. Production is expected to be moved to other Post manufacturing facilities within its existing network in the event the plant closes. «If Post decides to close the Modesto plant, we are committed to helping our employees through the transition», said Block.
Post Holdings: Moves Forward with Modesto Plant Closing
St. Louis / MO. (04.04. / pfh) Post Holdings Inc., a leading manufacturer, marketer and distributor of branded ready to eat cereals, announced that after discussions with the union representing hourly employees at the Modesto, California plant, the Company´s management has made a decision to close the Modesto plant. The plant has approximately 140 employees. The transfer of production capabilities and closure of the plant is expected to be completed by September 2014.