General Mills Completes Sale of Canadian Yogurt Business and Updates Fiscal 2025 Outlook
SHERIDAN, WYOMING – February 7, 2025 – SHERIDAN, WYOMING – Feb. 7, 2025 – General Mills, Inc. (NYSE: GIS) announced on January 27, 2025, the completion of the sale of its Canadian Yogurt business to Sodiaal. This divestiture includes the Canadian operations of several yogurt brands, notably Yoplait and Liberté, and a manufacturing facility located in Saint-Hyacinthe, Québec.
Divestiture Details and Ongoing Transactions
The sale of the Canadian Yogurt business marks a significant step in General Mills' portfolio reshaping activities. The company is also proceeding with the planned sale of its U.S. Yogurt business to Lactalis, which remains on track and is expected to close in calendar year 2025. This transaction is contingent upon receiving the necessary regulatory approvals and fulfilling other customary closing conditions.
Updated Fiscal 2025 Outlook