General Mills sells North American Yoplait yogurt business for $2.1B to Groupe Lactalis and Sodiaal.

General Mills is selling its North American yogurt business, including the Yoplait brand, for $2.1 billion. French companies Groupe Lactalis and Sodiaal will acquire the U.S. and Canadian operations, respectively. This divestment reflects General Mills' strategy to concentrate on core brands amid increased competition in the yogurt market. The sale is expected to close in 2025, pending regulatory approval.

September 12, 2024
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