US food giant General Mills has announced that the company will close its manufacturing facility in Cambara, in Brazil’s Parana state. According to sources, the facility processes cassava, potato and peanut products, and the company plans to transfer production to another plant in Pouso Alegre, Minas Gerais. The closure will reportedly lead to the loss of 880 direct and indirect jobs, although General Mills said employees would be offered the …
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General Mills
US giant food General Mills has entered into an agreement with Eagle Foods to sell Helper and Suddenly Salad businesses for a $610 million cash transaction. With the acquisition, Eagle Foods will create three diversified platforms focusing on growing centre store categories for retailers and continue investing in its growing snacks and milk business in parallel with this new investment. “We are builders of brands, categories, and people,” said Bernard …
US food giant General Mills has announced the acquisition of TNT Crust, a manufacturer of high-quality frozen pizza crusts for pizza chains, foodservice distributors, and retail outlets, from Peak Rock Capital. According to sources, TNT Crust products are highly complementary to General Mills’ existing frozen baked goods portfolio. With this acquisition, General Mills aims to invest in its portfolio reshaping strategy and expand the “Away-from-Home” category. Shawn O’Grady, Group President …
US food giant General Mills has agreed to sell its European dough business to Cérélia, a global leader in ready-to-bake dough solutions. The transaction, which is expected to close by the end of fiscal 2022, includes General Mills branded and private label dough business in Germany, the UK, and Ireland, including the Knack & Back and Jus-Rol brands. According to a statement released by the company, the sale is part of …
US food giant General Mills has announced that the company is restructuring and plans to cut up to 1400 jobs worldwide. According to sources, the company plans to cut from 700 to 800 jobs in the US and Canada and 500 to 600 jobs internationally. In May, General Mills filed a Form 8-K to announce the restructuring process aimed to align its organisational structure and resources with its strategic actions. …
US food giant General Mills has announced that it has reached an agreement to acquire Tyson Foods’ pet treats business. According to General Mills’ press release, the move is part of the company’s strategy to reshape its portfolio for growth by adding an ‘attractive’ business to the fast-growing pet platform. Bethany Quam, General Mills group president, pet segment said: “Pet food is a high-growth category, fueled by the humanization of …
General Mills, the US food giant, has announced a deal to sell its 51% controlling interest in European Yoplait S.A.S. to French dairy cooperative Sodiaal. The ‘memorandum of understanding’ set between both firms includes a reduced royalty rate for use of the Yoplait and Liberte brands in the United States and Canada, as well as full ownership of the Canadian Yoplait business – making the Yoplait Canada yoghurt business a …
General Mills, the US food and drinks firm, is expanding its Oui By Yoplait yoghurt line with the introduction of a new coconut-based range, and a line of more indulgent desserts. Oui Dairy Free Coconut Dairy Alternative is described as being made with a coconut base and paired with flavours such as vanilla, strawberry, mango, and raspberry “to deliver a creamy and indulgent taste experience”. The new dairy-free line is claimed …
Godiva, the leading chocolate firm, has announced the launch of a new line of baking mixes in partnership with the US multinational General Mills. The baking mixes, which will feature Godiva 72% cocoa dark chocolate callets (chocolate chips) will be available in four dessert options – Molten Lava Cakes, Brownie Cheesecake Swirl, Raspberry Chocolate Torte and Flourless Chocolate Torte. With the launch of the line, Godiva said it was expanding …
General Mills, the US food giant, has announced it intends to close its yoghurt factory in Carson, CA, USA as part of a restructure of its manufacturing operations. In a filing with the United States Securities and Exchange Commission, General Mills said the move formed part of “actions to drive efficiencies in targeted areas of our global supply chain by consolidating production and optimizing our labor, logistics and manufacturing platforms”. …
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