Post closes on Malt-O-Meal acquisition

Post Holdings Inc. has completed its acquisition of Minnesota-based MOM Brands Company, maker of Malt-O-Meal and other cereals, Post announced Monday.

Announced in January, the deal is valued at $1.15 billion, according to the St. Louis Business Journal.

The acquisition reportedly creates the third-largest seller of ready-to-eat cereals, with about 18 percent of the market.

Read more from the St. Louis Business Journal.