General Mills - M&A Summary and Business Overview

FoodCompany

General Mills M&A Summary

General Mills has acquired 21 companies, including 3 in the last 5 years. A total of 7 acquisitions came from private equity firms. It has also divested 9 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 11 different US states, and 3 countries. The Company’s most targeted sectors include food (90%) and consumer products (6%).

General Mills Business Overview

Where is General Mills headquartered?

General Mills is headquartered in Minneapolis, Minnesota.

What is General Mills’ revenue?

General Mills disclosed revenue of 20,094M USD for 2023 and 18,993M USD for 2022.

How many employees does General Mills have?

General Mills has 32,500 employees.

What sector is General Mills in?

General Mills is a food company.

When was General Mills founded?

General Mills was founded in 1866.

M&A Summary

  • M&A Total Activity28
    • M&A Buy Activity19
    • M&A Sell Activity9
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 17
  • M&A Advisors 6

General Mills

General Mills, Inc.

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

General Mills is a multinational manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills' portfolio includes a wide range of well-known brands such as Cheerios, Yoplait, Betty Crocker, Pillsbury, Haagen-Dazs, Annie's Homegrown, and Nature Valley, among others. The company's products encompass various categories, including cereals, yogurt, snack bars, meal kits, ready-to-eat meals, and frozen desserts. General Mills was founded in 1866 and is based in Minneapolis, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 16 - 1 1 1 - 19
vol $21.7B $1.2B $22.9B
Sell (0.6/yr) # 6 - 2 1 - - 9
vol $955M $955M
  28

Most Recent M&A

Company Date Value Type
Fera Pets, Inc. 2023-11-09 - Add-on Acquisition
Glendale, California · www.ferapetorganics.com
General Mills, Inc. - Helper and Suddenly Salad Brands 2022-05-25 - Divestiture
Minneapolis, Minnesota
TNT Crust LLC 2022-05-11 - Add-on Acquisition
St. Charles, Missouri · www.tntcrust.com
General Mills - European Dough Businesses 2021-11-24 - Divestiture
, Germany
Tyson Foods’ Pet Treats Business 2021-05-14 1.2B USD Divestiture
Springdale, Arkansas
Yoplait USA, Inc. 2021-03-23 - Divestiture
Minneapolis, Minnesota · www.yoplait.com
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 17 (89%) 22.9B (100%) 7 (78%) 955M (100%)
Restaurants 1 (5%) - 1 (11%) -
Consumer Products 1 (5%) - - -
Manufacturing - - 1 (11%) -
Total 19 $22.9B 9 $955M

By Geo

State/Country Buy Value Sell Value
United States 16 22.3B 8 955M
  Minnesota 3 12.3B 5 955M
  California 2 820M 1 -
  Massachusetts 2 - - -
  Colorado 2 - - -
  Florida 1 - 1 -
  Missouri 1 - - -
  Connecticut 1 8.0B - -
  Arkansas 1 1.2B - -
  Wisconsin 1 - - -
  Washington 1 - - -
  Texas 1 - - -
  Iowa - - 1 -
Brazil 2 539M - -
Germany - - 1 -
Thailand 1 - - -
Domestic 16 (84%) 22.3B (98%) 8 (89%) 955M (100%)
Cross-border 3 (16%) 539M (2%) 1 (11%) -
Total 19 $22.9B 9 $955M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
1
Goldman Sachs
1
Legal Deals
Cleary Gottlieb Steen & Hamilton
2
Faegre Baker Daniels LLP
1
Koury Lopes Advogados
1

Deal Values

buy # Total
> $1B 4 $21.5B
$100M to $1B 2 $1.4B
TOTAL $22.9B
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
Investor(s)
26%
5 (26%)
Strategic(s)
16%
3 (16%)
Divested to
Strategic(s)
89%
8 (89%)

 Subscribe to unlock this and 201,353
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.5K Private Equity Firms
  • 193K M&A Transactions
  • 197K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 75K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.