Gelit manufactures and distributes private label frozen ready meals to retail and wholesale customers primarily in Italy and the United States. The Cisterna di Latina, Italy-based company has annual net sales of about $45m and employs more than 130 full-time staff.
CEO and president of Ralcorp Kevin Hunt said: "We believe this combination further strengthens our position as a diversified provider of private-brand foods and adds numerous strategic benefits to our pasta platform."
The business will operate as part of Ralcorp's American Italian Pasta Company division, Ralcorp said.