In a significant move to bolster its presence in the premium pet food market, General Mills has announced the acquisition of Whitebridge Pet Brands’ North American premium cat feeding and pet treating business for $1.45 billion. This strategic purchase from European private investment firm NXMH is set to enhance General Mills’ pet food portfolio, aligning […]
General Mills, Inc. (NYSE: GIS) has announced definitive agreements to divest its North American Yogurt business to Lactalis and Sodiaal, two prominent French dairy companies, in deals totalling $2.1 billion USD. Following regulatory approval, the transactions are expected to close in 2025. The U.S. business will be acquired by Lactalis, while Sodiaal will take over […]
This spring, Wheaties, the iconic cereal brand known for celebrating athletic achievements, is expanding its product line with the introduction of Wheaties Protein. Boasting more than 20 grams of protein per serving, Wheaties Protein represents the highest protein offering in the cereal aisle to date. Manufactured by General Mills, Wheaties builds on its legacy as […]
General Mills announced that Häagen-Dazs is set to make a splash in the yogurt aisle with the introduction of Häagen-Dazs Cultured Crème, a luxurious and indulgent offering. The new product from the American ice cream brand owned by General Mills combines the rich flavors and textures of yogurt and ice cream into one delightful snack. […]
General Mills has agreed to divest its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group (Eagle Foods) for a cash consideration of around $610 million. The Helper and Suddenly Salad businesses had net sales of around $235 million in fiscal 2021. General Mills said that the transaction is expected […]
US food company General Mills has agreed to divest its European dough businesses to Cérélia, a provider of ready-to-bake dough solutions, for an undisclosed price. According to General Mills, the proposed sale will include the company’s branded and private label dough operations in Germany as well as the UK and Ireland. The brands included are […]
General Mills has agreed to acquire the pet treats business of Tyson Foods, which includes the Nudges, True Chews brands, and Top Chews, for $1.2 billion in an all-cash deal. According to General Mills, the deal offers $225 million in estimated tax benefit, which means the effective price for the acquisition is $975 million. Jeff […]
Pet Plate, a subscription service in the direct-to-consumer fresh pet food industry, has raised $9 million in a Series A funding round led by DFE Capital Management and General Mills’ venture capital arm 301 INC. Marco Polo and Fernbrook Capital Management also took part in the funding round alongside existing investors, Castor Ventures and The […]
Food processing news : American food company General Mills will roll out a new yogurt range in the US this month in the form of YQ by Yoplait that is made from ultra-filtered milk, and is claimed to be high on protein and less on sugar. YQ by Yoplait from General Mills YQ by Yoplait […]
General Mills acquisition of Blue Buffalo Pet Products : US food company General Mills has agreed to acquire US pet food manufacturer Blue Buffalo Pet Products for about $8 billion to consolidate its position in the wholesome natural pet food category in the US. General Mills Acquisition of Blue Buffalo Pet Products According to the […]