Ralcorp Completes Purchase of Western Waffles

On November 15, 2005, St. Louis-based Ralcorp Holdings Inc. completed the purchase of BC-based Western Waffles, a maker of private-label frozen griddle products. Ralcorp is a leading US manufacturer and supplier of private label food products, including cereals, crackers, cookies, dressings, syrups, jellies, sauces, snack nuts, candy, frozen griddle products and artisan bread. Its business units operate under various names including Ralston Foods (cereals), Bremner (cookies and crackers), Nutcracker/Flavor House (snack nuts), Bakery Chef (frozen griddle products), and Carriage House. Its management team will continue operations at its three manufacturing plants in Canada, which have about 370 employees. The aggregate purchase price was in excess of US$80 million.

Ralcorp was represented on US matters by its general counsel Charles Huber, and Amy Locklear, corporate counsel. Ralcorp's Canadian counsel was Aird & Berlis LLP in Toronto with a team that included Martin Kovnats (corporate and M&A), Peter Czegledy (corporate), Barbara Worndl (tax), Boris Muchalov (banking), Marc McClean (real estate) and Sherri Altshuler (corporate). The vendors were represented Stephen Holmes and Alina Nikolaeva of Holmes & Company in Vancouver.