Post Holdings the owner of Michael Foods has purchased the cereal business of TreeHouse Foods for $85 million.  The brands and assets including facilities in Lancaster, OH and Sparks, NV. were previously acquired from Conagra Brands in 2016. 

The transaction has been under discussion since mid-2019 but was subject a challenge by the Federal Trade Commission.  At that time, Post Holdings was willing to pay $110 million for the ready-to-eat cereal brands and facilities.