General Mills, Inc. (NYSE:GIS) and Lactalis announced that regulatory approval has been granted for the sale of General Mills’ US yogurt business to Lactalis. The deal is now ready to proceed, pending the fulfillment of standard closing requirements, with both companies aiming to finalize the transaction by late June 2025.
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General Mills, Inc. is a global food company that produces and markets branded consumer products in over 100 countries across six continents.
In September 2024, General Mills, Inc. announced plans to sell its yogurt division to French dairy companies Groupe Lactalis and Sodiaal in a deal valued at $2.1 billion. Prior to the announcement, General Mills had enlisted JPMorgan Chase to help gauge buyer interest for the unit, which includes well-known brands like Yoplait and Liberté.
In fiscal 2024, the North American yogurt segment generated approximately $1.5 billion in net sales for the company.
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