02 May 2014
The model Post Holdings CEO Bill Stiriz is pursuing for the cereal maker by buying companies like food processor and distributor Michael Foods doesn't seem consistent with classic MBA thinking, Bruce Cohen, head of the private equity and strategy practice at Kurt Salmon, told Reuters. Post has spent nearly $4 billion over the past year to make seven acquisitions, the $2.5 billion buy of Michael Foods being the most recent. "[T]his is a bolder strategy for sure," said Cohen. But given Stiriz's starting position, said Cohen, "he has to be bold."