Post Holdings Announces Commitment to 100% Sustainable Palm Oil
ST. LOUIS, Oct. 08, 2015 (GLOBE NEWSWIRE) — Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced a commitment to source 100% sustainable palm oil globally by December 2016. Although Post’s various business units are relatively minor users of palm oil, Post is committed to ensuring its purchases of palm oil do not contribute to deforestation of the world’s rainforests or negatively impact the communities that depend upon them. Accordingly, Post has taken this important step to improve the sustainability of its palm oil supply chain.
Post is now a member of the Roundtable on Sustainable Palm Oil (“RSPO”), an organization dedicated to promoting the growth and use of sustainable palm oil products through credible global standards and the engagement of stakeholders. To reinforce these principals, Post will work with its direct suppliers to support the development of a sustainable, cost-effective market for palm oil. Post has made a commitment that by December 2016 all of its business units will directly purchase 100% RSPO mass balance certified sustainable palm oil.
About Post Holdings, Inc.
Post Holdings, Inc., headquartered in St. Louis, Missouri, is a consumer packaged goods holding company operating in the center-of-the-store, private label, refrigerated and active nutrition food categories. Through its Post Consumer Brands business, Post is a leader in the ready-to-eat cereal category and offers a broad portfolio that includes recognized brands such as Honey Bunches of Oats®, Pebbles™, Great Grains®, Grape-Nuts®, Honeycomb®, Frosted Mini Spooners®, Golden Puffs®, Cinnamon Toasters®, Fruity Dyno-Bites®, Cocoa Dyno-Bites®, Berry Colossal Crunch® and Malt-O-Meal® hot wheat cereal. Post’s Michael Foods Group supplies value-added egg products, refrigerated potato products, cheese and other dairy case products and dry pasta products to the foodservice, food ingredient and private label retail channels and markets retail brands including All Whites®, Better’n Eggs®, Simply Potatoes® and Crystal Farms®. Post’s active nutrition platform aids consumers in adopting healthier lifestyles through brands such as PowerBar®, Premier Protein® and Dymatize®. Post’s Private Brands Group manufactures private label peanut butter and other nut butters, dried fruits, baking and snacking nuts, cereal and granola. For more information, visit www.postholdings.com.