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

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

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

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.

General Mills to sell North American yogurt business to French dairy companies 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.

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

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