US food giant General Mills has entered into an agreement to sell its North American yoghurt business to leading French dairy companies Lactalis and Sodiaal for $2.1 billion. Lactalis will acquire the US division, while Sodiaal will acquire the Canadian division. The deal includes brands such as Yoplait, Liberte, Go-Gurt, Oui, Mountain High and Ratio, and production facilities in Murfreesboro (TN), Reed City (MI), and Saint-Hyacinthe, in Canada’s Quebec province. …
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Sodiaal
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 …
Gama Innovation Award – Packaging MANCHESTER – 27th June 2016: Bringing new dispensing technology to the yoghurt space, La Fontaine A Yaourt Yoghurt Drink is the recipient of this month’s Gama Innovation Award – Packaging. Literally translating as “The Yoghurt Fountain”, La Fontaine A Yaourt Yoghurt Drink fom France-based Yeo Frais (part of the Sodiaal group) is a launch that offers an alternative to conventional packaging in the yoghurt drinks category. The …
Candia SA, which is part of French-based dairy cooperative Sodiaal, has signed a deal with Zhejiang International Business (ZIB) to distribute UHT milk and infant formula under the Candia brand in China. Focusing on Greater Shanghai and the Jiangsu and Zhejiang provinces, the joint venture will focus on four methods of distribution: retail stores under the Candia brand which are expected to open at a rate of 10 per year, …
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