General Mills, Inc. announced Thursday that it has agreed to sell its North American yogurt business to two French dairy companies.

The Business Journals

United States

General Mills agrees to sell U.S., Canada yogurt business for $2B+

The Golden Valley-based food manufacturer hired an investment banker to shop the North American yogurt businesses earlier this year as the company seeks to focus on faster-growing segments.

Ad Fontes Media

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Advance Publications

The two tricolour milk giants are buying up the activities of the small-flowered brand in the United States and Canada, hitherto operated by the American group General Mills.

Les deux géants tricolores du lait rachètent les activités de la marque à la petite fleur aux États-Unis et au Canada, jusqu’ici exploitées par le groupe américain General Mills.

Grâce à Lactalis et Sodiaal, Yoplait devient encore plus française

Media Bias/Fact Check

Le Figaro

Dassault Group

Paris

Île-de-France

France

Thanks to Lactalis and Sodiaal, Yoplait becomes even more French

The Minnesota-based food maker has been shopping the brand for a while amid slowing demand and high competition in the yogurt aisle.

Star Tribune

Glen Taylor

Minneapolis

Hennepin County

Minnesota

General Mills to sell its North American yogurt business, including Yoplait, for $2.1 billion

General Mills, parent to brands including Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury and Betty Crocker, is expecting the deal to be about 3% dilutive to adjusted per-share earnings in the first year after close.

MarketWatch

Murdoch family

General Mills to sell North American yogurt business to French dairy companies for $2.1 billion

American food giant General Mills is withdrawing from the North American yogurt market. As part of a 2.1 billion US transaction (2.9 billion CAN) announced on Thursday, the manufacturer of Cheerios, Häagen-Dazs and Pillsbury sells its yogurt activities to two French companies: Lactalis in the United States, Sodiaal in Canada.

Le géant alimentaire américain General Mills se retire du marché nord-américain du yogourt. Dans le cadre d’une transaction de 2,1 milliards US (2,9 milliards CAN) annoncée ce jeudi, le fabricant des Cheerios, Häagen-Dazs et Pillsbury cède ses activités dans le yogourt à deux entreprises françaises : Lactalis aux États-Unis, Sodiaal au Canada.

General Mills vend ses activités yogourt | Les yogourts Yoplait et Liberté passent à la française Sodiaal

La Presse

Montreal

Quebec

Canada

General Mills sells its yogurt business | Yoplait and Liberté yogurts go French Sodiaal

KARE

Tegna Inc.

Tegna Inc

General Mills sells its North American yogurt business for $2.1 billion

General Mills sells North America yogurt business to French companies Groupe Lactalis and Groupe Sodiaal for $2.1 billion.

USA Herald

General Mills Sells North American Yogurt Business for $2.1B - USA Herald

The divestiture, which includes brands such as Yoplait and Go-Gurt, will allow the food giant to focus on faster-growing areas including snacks and pet food.

fooddive.com

General Mills to sell North American yogurt business for $2.1B

General Mills Inc is in advanced talks with French firms Groupe Lactalis and Sodiaal to sell its yogurt businesses in the United States and Canada, sources told Bloomberg, speaking on condition of anonymity, Agerpres reported. The deal is worth more than $2 billion, the sources added. The New York-based company, which owns the Yoplait yogurt brand, is being hit by competition from companies such as Danone SA and Chobani Inc in the U.S. market. A…

General Mills Inc este în negocieri avansate cu firmele franceze Groupe Lactalis şi Sodiaal, pentru a-şi vinde afacerile din domeniul iaurtului din Statele Unite şi Canada, au declarat pentru Bloomberg surse care au dorit să-şi păstreze anonimatul, transmite Agerpres. Valoarea tranzacţiei depăşeşte două miliarde de dolari, au adăugat sursele. Compania listată la New York, care deţine marca de iaurt Yoplait, este afectată de concurenţa din partea…

GeneralMills speră să obţină două miliarde dolari în urma vânzării unor afaceri din domeniul iaurtului

g4food.ro

Bucharest

Romania

GeneralMills hopes to raise $2 billion from sale of yogurt business

General Mills has sold its US and Canadian yogurt businesses to Lactalis and Sodiaal respectively for $2.1bn.The post General Mills sells North America yogurt business to Lactalis, Sodiaal appeared first on Just Food.

General Mills sells its North American yogurt business for $2.1 billion

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