General Mills Mergers and Acquisitions Summary

Food Company

General Mills has acquired 17 companies, including 3 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 5 assets.

General Mills’ largest acquisition to date was in 2000, when it acquired The Pillsbury Company for $10.5B. It’s largest disclosed sale occurred in 2015, when it sold General Mills - Green Giant and Le Sueur Brands to B&G Foods for $765M. General Mills has acquired in 8 different US states, and 3 countries. The Company’s most targeted sectors include food (100%).

Join Mergr and gain access to General Mills’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity15
    • M&A Sell Activity5
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

General Mills, Inc.

Number 1 General Mills Boulevard,
Minneapolis, Minnesota 55426
United States,
(763) 764-7600
www.generalmills.com


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 13 1 - 1 - - 15
vol $13.7B $8.0B $21.7B
Sell (0.0/yr) # 5 - - - - - 5
vol $955M $955M
  20

Most Recent M&A

Company Date Value Type
Blue Buffalo Pet Products, Inc. 2018-02-23 8.0B USD Add-on Acquisition
Wilton, Connecticut · www.bluebuffalo.com
EPIC Provisions LLC 2016-01-06 - Add-on Acquisition
Austin, Texas · www.epicbar.com
Carolina Administracao e Participacoes Societarias Ltda. 2015-12-23 - Add-on Acquisition
Ribeirao Claro, Brazil
General Mills, Inc. - Green Giant and Le Sueur Brands 2015-09-03 765M USD Divestiture
Minneapolis, Minnesota
Annie's, Inc. 2014-09-08 820M USD Add-on Acquisition
Berkeley, California · www.annies.com
Immaculate Baking Co. 2012-12-01 - Add-on Acquisition
Wakefield, Massachusetts · www.immaculatebaking.com
Yoki Alimentos SA 2012-03-24 539M BRL Add-on Acquisition
Sao Bernardo do Campo, Brazil · www.yoki.com.br
FoodShouldTasteGood, Inc. 2012-02-29 - Add-on Acquisition
Needham Heights, Massachusetts · www.foodshouldtastegood.com
Yoplait USA, Inc. 2011-03-18 1.8B EUR Add-on Acquisition
Minneapolis, Minnesota · www.yoplait.com
Mountain High Yogurt 2010-11-19 - Divestiture
Englewood, Colorado
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 15 (100%) 21.7B (100%) 4 (80%) 955M (100%)
Manufacturing - - 1 (20%) -
Total 15 $21.7B 5 $955M

By Geo

State/Country Buy Value Sell Value
United States 12 21.1B 5 955M
  Minnesota 3 12.3B 3 955M
  Massachusetts 2 - - -
  Colorado 2 - - -
  California 1 820M 1 -
  Wisconsin 1 - - -
  Washington 1 - - -
  Texas 1 - - -
  Connecticut 1 8.0B - -
  Iowa - - 1 -
Brazil 2 539M - -
Thailand 1 - - -
Domestic 12 (80%) 21.1B (98%) 5 (100%) 955M (100%)
Cross-border 3 (20%) 539M (2%) - -
Total 15 $21.7B 5 $955M

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Legal Deals
Cleary Gottlieb Steen & Hamilton LLP
2
Koury Lopes Advogados
1

Deal Values

buy # Total
> $1B 3 $20.3B
$100M to $1B 2 $1.4B
TOTAL $21.7B
Largest The Pillsbury Company LLC
$10.5B (2000-07-17)
sell # Total
$100M to $1B 2 $955M
TOTAL $955M
Largest General Mills, Inc. - Green Giant and Le Sueur Brands
$765M (2015-09-03)

M&A Connections

Deals %
Acquired from
PE Firm(s)
75%
6 75%
Strategic(s)
25%
2 25%
Divested to
Strategic(s)
100%
5 100%

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