Post Holdings, Inc., St. Louis, MO, has signed an agreement to acquire Premier Nutrition Corporation (PNC), a marketer and distributor of protein beverages and foods under its Premier Protein brand and nutritional supplements under its Joint Juice brand, for $180 million. This acquisition provides Post a platform in the growing active nutrition and supplements businesses. The PNC business will be independently managed by its management team located in Emeryville, CA. David Ritterbush, CEO of PNC, will continue in his current role.

Terms of the deal call for $180 million in cash to be paid at the time of closing, and are subject to a working capital adjustment. The deal is subject to customary closing conditions including the expiration of waiting periods required under antitrust laws and the receipt of necessary third party consents.