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- As part of the transaction with Sodiaal, which was initially announced on March 23, 2021, General Mills acquired full ownership of the Canadian Yoplait business. General Mills will also now operate with a reduced royalty rate for use of the Yoplait and Liberté brands in the United States and Canada.
investors.generalmills.com/press-releases/press-release-details/2021/General-Mills-Completes-Sale-of-European-Yoplait-Operations/default.aspx
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Nov 30, 2021 · As part of the transaction with Sodiaal, which was initially announced on March 23, 2021, General Mills acquired full ownership of the Canadian Yoplait business. General Mills will also now operate with a reduced royalty rate for use of the Yoplait and Liberté brands in the United States and Canada.
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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. Indulge in Your Favorite Fall Flavors.
Dec 1, 2021 · General Mills has completed the sale of its 51% controlling interest in its Yoplait S.A.S European operations to French dairy cooperative Sodiaal in exchange for full ownership of the...
Dec 1, 2021 · General Mills Inc. GIS divested 51% controlling interest in its European Yoplait operations to Sodiaal. The deal was initially announced on Mar 23. The company now has full ownership of the...
Mar 23, 2021 · Following completion of the transaction, General Mills would wholly own yogurt operations in the United States and Canada that generated a combined $1.4 billion in net sales in fiscal 2020 and would distribute Yoplait and Liberté branded products in the United States and Canada on a royalty-free basis.
In the United Kingdom, Yoplait UK Ltd is now 100% owned by Yoplait France. [21] In April 2009, the joint venture between Yoplait and Dairy Crest ended. Yoplait UK Ltd is based in General Mills ' European head office; Harman House in Uxbridge, London, United Kingdom.
Dec 2, 2021 · With the completion of the transaction, General Mills wholly owns yogurt operations in the United States and Canada that generated a combined $1.4 billion in net sales in fiscal 2020. For Sodiaal, the acquisition is the next step in its value creation strategy.
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