On August 29, 2025, Richardson (US) Holdings Limited, the American subsidiary of Canada-based Richardson International Limited, entered into a definitive agreement with Post Holdings, Inc. to acquire the pasta business of 8th Avenue Food & Provisions, Inc. for US$375 million (approximately C$510 million). This strategic acquisition will significantly expand Richardson’s presence in the U.S. food and ingredients sector by adding three production facilities in Carrington, North Dakota; New Hope, Minnesota; and Winchester, Virginia, as well as the well-known Ronzoni® retail pasta brand. The move allows Richardson to further integrate its North American durum wheat origination and milling operations with finished pasta production, strengthening its value chain and market reach. Approximately 500 employees from 8th Avenue will transition to Richardson, enhancing the company’s capabilities in the North American food industry. The company’s future strategy will focus on innovation and growth within both retail and foodservice pasta markets.

BMO Capital Markets Corp. is acting as financial advisor, while Koley Jessen is serving as legal counsel to Richardson International Limited for this transaction.

The transaction was completed on December 1, 2025.