US food giant General Mills has announced that it is acquiring the assets of Gladstone Food Products, a producer of packaged foods. Originally founded in Gladstone (MI) in 1967, Gladstone Food Products manufactured taco shells under its own brand name and taco seasoning under the La Tiara brand. The company ceased operations in January, reportedly due to construction disruptions and increased costs, entering receivership on 18th March. Commenting on the …
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US food giant General Mills has announced that it has reached an agreement to acquire the Tiki Pets and Cloud Star food brands, part of investment firm’s NXMH’s Whitebridge Pet Brands business, for $1.45 billion. As part of the transaction, General Mills will take over two manufacturing facilities in Joplin (MO), while NXMH will retain the Whitebridge Pet Brands business and brands in Europe. Commenting on the deal, General Mills …
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. …
US food giant General Mills has announced the acquisition of Edgard & Cooper, a Belgium-based company described as Europe’s leading independent premium pet food maker. “With this transaction, the company further advances its Accelerate strategy, including the prioritization of its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term”, the company said in a statement Founded in 2016, …
Reliance Consumer Products, the FMCG arm of Indian retail major Reliance Retail Ventures, has announced a partnership with General Mills, the US manufacturer of branded processed consumer foods, to sell western snacks in the Indian market. Initially, Reliance Consumer Products intends to introduce Alan’s Bugles brand of corn chips as a precursor to further product development in the savoury snacks space. “We intend to actively participate in the growing western …
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 …
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. …
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