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General Mills Completes Sale of U.S. Yogurt Business to Lactalis

MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today announced it has completed the sale of its U.S. Yogurt business to Lactalis. The divestiture includes the U.S. operations of several yogurt brands including Yoplait, Go-Gurt, Oui, Mountain High, and :ratio, as well as manufacturing facilities in Murfreesboro, Tenn. and Reed City, Mich.

The U.S. Yogurt business contributed approximately $1.2 billion USD to General Mills’ fiscal 2025 net sales. The company expects to use the net proceeds from the transaction for share repurchases and debt reduction.

About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2025 net sales of U.S. $19 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.

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Contacts

(Investors) Jeff Siemon: +1-763-764-2301
(Media) Chelcy Walker: +1-763-764-6364

Industry:

General Mills, Inc.

NYSE:GIS
Details
Headquarters: Minneapolis, Minnesota
CEO: Jeff Harmening
Employees: 40,000
Organization: PUB
Revenues: $16.865 Billion (2019)
Net Income: $1.752 Billion (2019)
Release Versions
English

Contacts

(Investors) Jeff Siemon: +1-763-764-2301
(Media) Chelcy Walker: +1-763-764-6364

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