General Mills Announces Agreements to Sell Its North American Yogurt Business to Lactalis and Sodiaal

General Mills, Inc. (NYSE: GIS) today announced that it has entered into definitive agreements to sell its North American Yogurt business to Lactalis and Sodiaal, two leading French dairy companies, in cash transactions valued at an aggregate $2.1 billion USD. Following the completion of the transactions, the U.S. and Canadian businesses will operate independently, with Lactalis acquiring the U.S. business and Sodiaal acquiring the Canadian business. The proposed transactions are expected to close in calendar 2025, subject to receipt of requisite regulatory approvals and other customary closing conditions.

The divestitures encompass the U.S. and Canada operations of several yogurt brands including...

U.S. Dairy Councils Partner with Tackle Hunger to Provide Dairy Foods to Families in Need

With the continued increase in health disparities directly related to food insecurity in America, regional dairy councils across the nation announce a year-long collaboration with Tackle Hunger, to provide a fundraising opportunity for those who want to help their local food charity gain access to dairy foods like milk, cheese and yogurt. Milk is one of the most requested yet least donated items in food charities due to its perishability and refrigeration needs, but you can help change that with Tackle Hunger's innovative donation map...