Processing Magazine

Ralcorp closes $170 million California bakery buy

November 13, 2006

Ralcorp Holdings Inc. said it has completed its $170.8 million purchase of Cottage Bakery Inc., bizjournals.com reports. Cottage Bakery''s management team will continue operations at its manufacturing facility in Lodi, Calif., where it employs about 690 people. Ralcorp agreed to buy the California bakery in mid-October from company owner Terry Knutson for $170.8 million in cash. Knutson, whose family co-founded Cottage Bakery in the 1950s, will remain president of the bakery. St. Louis-based Ralcorp Holdings Inc. manufactures private label food products including frozen bakery items, cereals, crackers, cookies, dressings, syrups, jellies, sauces, snack nuts and candy. Ralcorp agreed to buy the California bakery in mid-October from company owner Terry Knutson for $170.8 million in cash. Knutson, whose family co-founded Cottage Bakery in the 1950s, will remain president of the bakery.