General Mills to sell its yoghurt business to Lactalis and Sodiaal
General Mills has announced plans to sell its North American yoghurt business to Lactalis and Sodiaal, in cash transactions valued at an aggregate US$2.1 billion.
The divestitures include the US and Canada operations of several yoghurt brands including Yoplait, Liberté, Go-Gurt, Oui, Mountain High and :ratio, as well as manufacturing facilities across the two countries.
Following the completion of the transactions, the US and Canadian businesses will operate independently, with Lactalis acquiring the US business and Sodiaal acquiring the Canadian business.
The proposed transactions are expected to close in 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions.
Suntory Oceania's CEO Darren Fullerton to retire in 2025
Today, Suntory Oceania has announced that Darren Fullerton, CEO of Suntory Beverage & Food...
Grant Thornton's Dealtracker report for Ag, F&B sector
Grant Thornton's latest analysis report on agribusiness, food & beverage reveals mergers...
NZ Government plans to cut red tape for food exporters
The New Zealand Government is planning to make it easier for food exporters to take advantage of...
