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US food major Post Holdings is to shut two of its cereal manufacturing facilities in North America, pointing to a "declining" market for ready-to-eat cereals. In a filing with the US Securities ...

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The decision is part of the company's strategy to reduce surplus production capacity in response to a continued decline in the ready-to-eat cereal category. The closures, affecting approximately 300 ...

The decision stems from excess capacity in the company's cereal production network as consumer interest in ready-to-eat cereals continues to wane. Also Read: This Beverage Maker, Tobacco Company ...

"The ready-to-eat cereal category continues to decline,” Post Consumer Brands President and CEO Nicolas Catoggio said. “To respond to this, we are reducing excess manufacturing capacity and ...

Post Holdings plans to close cereal manufacturing plants in Ontario and Nevada, putting about 300 employees out of work, as demand in the ready-to-eat cereal category continues to decline.

"The ready-to-eat cereal category continues to decline,” Nicolas Catoggio, CEO of Post Consumer Brands, said in a statement. “To respond to this, we are reducing excess manufacturing capacity ...