Almark Foods and Michael Foods, a subsidiary of Post Holdings, announced that they have entered an agreement for the sale of Almark Foods. The transaction is set to be completed by Q1 of 2021.

Almark Foods has appointed Rick Anderson as the new Chief Executive Officer (CEO). Anderson, most recently the CEO of Gold Coast Bakeries, brings more than 20 years of experience in the food manufacturing industry of branded, private label, and co-packed retail products. Anderson will lead Almark Foods in its next stage of growth and will focus on continually leveraging the company’s state-of-the-art plant in Yuma, Arizona, while also expanding the manufacturing facilities in South Carolina and Tennessee. Additional responsibilities include developing customer relationships, building a high-performance organization, and growing the already strong hard-boiled egg and deviled egg businesses.