General Mills Continues Portfolio Reshaping Strategy, Expands Away-from-Home Presence with the Acquisition of TNT Crust

12-May-2022 - General Mills (NYSE: GIS) today announced that it has entered into a definitive agreement to acquire TNT Crust, a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. TNT Crust is currently a portfolio company of ...

General Mills Announces Proposed Sale of European Dough Businesses to Cérélia

26-Nov-2021 - General Mills announced that it has agreed to sell its European dough businesses to Cérélia, a global leader in ready-to-bake dough solutions. The proposed transactions would include General Mills branded and private label dough businesses in Germany, the UK, and Ireland, including the Knack & ...

General Mills Announces Proposed Sale of European Yoplait Operations to Sodiaal

Growth- and margin-accretive transaction to advance General Mills’ portfolio reshaping strategy

25-Mar-2021 - General Mills (NYSE: GIS) today announced that it has entered into a memorandum of understanding to sell its 51 percent controlling interest in Yoplait S.A.S. to Sodiaal, a leading French dairy cooperative, in exchange for full ownership of the Canadian Yoplait business and a reduced royalty rate ...

General Mills leads food & beverage sector in America's Most Just Companies List by Forbes and JUST Capital

Company recognized for its commitment to key stakeholders – workers and the environment – as defined by the American public

19-Oct-2020 - General Mills was named to the annual Forbes and JUST Capital “Forbes JUST 100,” showcasing the companies doing right by all their stakeholders. General Mills sits atop the list for Food and Beverage sector and ranks 23rd overall of America’s Most JUST Companies, recognized for its commitment to ...

Sean Walker named Group President for General Mills Asia & Latin America

12-Dec-2018 - General Mills today announced that Sean Walker has been named Group President of General Mills’ Asia & Latin America segment effective February 1, 2019. Walker will report to Jeff Harmening, chairman and chief executive officer, and will join the company’s global senior leadership team. Walker ...

General Mills to acquire Blue Buffalo

28-Feb-2018 - General Mills, Inc. (GIS) and Blue Buffalo Pet Products, Inc. (BUFF) announced a definitive agreement under which General Mills will acquire Blue Buffalo for $40.00 per share in cash, representing an enterprise value of approximately $8.0 billion. Blue Buffalo is a major pet food company making ...

General Mills Updates 2018 Targets

22-Feb-2018 - Packaged food company General Mills' (GIS) Chairman and CEO Jeff Harmening reiterated the company's strategy for delivering value in the face of shifting consumer food values, changing competition across categories, and disruption within retail channels. The company provided an update on the ...

Jeff Harmening Named Chief Executive Officer of General Mills

Ken Powell to Continue as Chairman of the Board until Retirement

04-May-2017 - General Mills (NYSE: GIS)today announced that its board of directors has elected Jeffrey L. Harmening Chief Executive Officer of the company, effective June 1, 2017. The board also elected Harmening to the General Mills Board of Directors.Harmening, age 50, is a 23-year veteran of the company ...

General Mills sets ambitious goal for greenhouse gas cuts

31-Aug-2015 - General Mills has set an ambitious goal of reducing its greenhouse gas emissions 28 percent by 2025 - not just within its own operations but from farm to fork to landfill. CEO Ken Powell, in outlining the plan to The Associated Press ahead of the company's official announcement Monday, said ...

General Mills Reports Q4 Adj. EPS Of $0.75

17-Jul-2015 - General Mills (GIS) reported fourth-quarter net income to company of $186.8 million or $0.30 per share, compared to $404.6 million or $0.65 per share, prior year. The company noted that it recorded an intangible asset impairment charge of $260 million, a $79 million charge related to the ...