General Mills to Sell Yogurt Business to French Dairy Companies for $2.1 Billion

New Owners Plan to Grow the Yoplait Brand in the United States

General Mills, Inc. announced on Monday, December 19, that it has entered into an agreement to sell its North American yogurt business to the French dairy companies Lactalis Group and Groupe Danone for $2.1 billion. The transaction is expected to close in the first half of 2023.

Details of the Sale

The sale includes the Yoplait brand, as well as manufacturing facilities in Batavia, New York, and Fresno, California. Lactalis Group will acquire the Yoplait brand and the Batavia facility, while Groupe Danone will acquire the Fresno facility.

Plans for the Future

Lactalis Group plans to invest in the Yoplait brand in the United States. The company believes that Yoplait has a strong foundation and a loyal customer base, and it plans to build on that success. Groupe Danone has similar plans for the Fresno facility, which it intends to use to grow its Stonyfield Organic brand.

Impact on Consumers

The sale of General Mills' yogurt business is not expected to have any immediate impact on consumers. Yoplait products will continue to be available in stores, and there are no plans to change the recipes or packaging.

Additional Information

For more information on the sale of General Mills' yogurt business, please visit the company's website at www.generalmills.com.