General Mills–Lactalis Yogurt Deal Cleared by Regulators
Lactalis today announced that the regulatory review for the sale of General Mills’ U.S. Yogurt business to Lactalis is complete, and the transaction is cleared to close subject to completion of other customary closing conditions. The companies are targeting to complete the transaction in late June 2025.
About General Mills
General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Totino’s, Annie’s, Wanchai Ferry, Yoki and more. General Mills generated fiscal 2024 net sales Deal of U.S. $20 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.
About Lactalis
The world’s leading dairy group, Lactalis is a French family business founded in Laval in 1933 with a single mission: nurturing a responsible future by pledging to provide the best dairy products possible, to support each and everyone’s growth, in partnership with local territories. Present in 50 countries and Deal nearly 270 dairies and cheese dairies around the world, its 85,500 employees add value to milk in all its forms: cheeses, drinking milk, yoghurt, butter and cream, dairy ingredients and nutrition. At the heart of the daily lives of millions of households, the Lactalis Group offers products under iconic brands such as Président, Galbani, Parmalat, Kraft Natural Cheese and Leerdammer, and as the world’s leading player in PDOs is committed to perpetuating dairy know-how.
lactalis.com
