date:Aug 10, 2012
Although Ralcorps group sales were up 16% compared to the same quarter last year to $1.1bn, operating profit fell 9% to $105.3m.
Merges three business units
The company, which claims a 6% share of the $100bn private label industry, said that inefficiencies totalling $8.2 million from its Bloomfield Bakers operation were responsible and said it will tie-together three business units to achieve cost savings.
The three business segments: Cereal, Pasta, and Snacks, Sauces Spreads will be merge