1. General Mills sold its U.S. Yogurt business to Lactalis. 2. The sale includes major yogurt brands contributing $1.2 billion in sales. 3. Proceeds will be used for share repurchases and debt reduction. 4. General Mills generated $19 billion in total net sales for fiscal 2025. 5. The Accelerate strategy emphasizes brand innovation and growth.
Divesting the yogurt business allows focus on core profitable categories, historically leading to positive stock reactions.
The strategic divestiture has immediate financial implications and aligns with growth strategies.
Immediate capital from the sale can influence stock value positively, similar to past divestitures.
MINNEAPOLIS--(BUSINESS WIRE)-- General Mills, Inc. (NYSE: GIS) today announced it has completed the sale of its U.S. Yogurt business to Lactalis. The divestiture includes the U.S. operations of several yogurt brands including Yoplait, Go-Gurt, Oui, Mountain High, and :ratio, as well as manufacturing facilities in Murfreesboro, Tenn. and Reed City, Mich.
The U.S. Yogurt business contributed approximately $1.2 billion USD to General Mills’ fiscal 2025 net sales. The company expects to use the net proceeds from the transaction for share repurchases and debt reduction.
About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2025 net sales of U.S. $19 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.
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