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General Mills Completes $1.2 Billion Acquisition of Yoplait

General Mills, Minneapolis, MN, has completed its acquisition of a 51% controlling interest in Yoplait S.A.S., and a 50% interest in a related entity that holds the worldwide Yoplait brands.

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By: Sean Moloughney

Editor, Nutraceuticals World

General Mills, Minneapolis, MN, has completed its acquisition of a 51% controlling interest in Yoplait S.A.S., and a 50% interest in a related entity that holds the worldwide Yoplait brands, from PAI Partners and Sodiaal in a transaction valued at approximately $1.2 billion. The remaining ownership stakes in both entities will continue to be held by Sodiaal, France’s leading dairy cooperative. 
 
“Yoplait is a fantastic global brand with tremendous potential,” said Ken Powell, chairman and CEO, General Mills. “General Mills and Sodiaal are well-positioned to advance and grow the Yoplait brand around the world. It is an exciting combination. ”
 
Headquartered in Boulogne-Billancourt, France, Yoplait is the second-largest brand in the global yogurt market. The business will be governed by a supervisory board with representation from General Mills and Sodiaal. Chris O’Leary, General Mills’ executive vice president and chief operating officer, International, will have management oversight responsibility for General Mills, with Lucien Fa continuing as Yoplait’s executive chairman.  
 

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