M&A Deal Summary

General Mills Acquires Yoki Alimentos SA

On March 24, 2012, General Mills acquired food company Yoki Alimentos SA for 2.0B BRL

Acquisition Highlights
  • This is General Mills’ 10th transaction in the Food sector.
  • This is General Mills’ 6th largest (disclosed) transaction.
  • This is General Mills’ 1st transaction in Brazil.

M&A Deal Summary

Date 2012-03-24
Target Yoki Alimentos SA
Sector Food
Buyer(s) General Mills
Deal Type Add-on Acquisition
Deal Value 2.0B BRL

Target

Yoki Alimentos SA

Sao Bernardo do Campo, Brazil
Yoki is a privately held company that makes snacks, dry soups, side dishes, seasonings and other products.

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Buyer(S) 1

Buyer

General Mills

Minneapolis, Minnesota, United States

Category Company
Founded 1866
Sector Food
Employees34,000
Revenue 19.9B USD (2024)
DESCRIPTION
Entrance to General Mills' corporate headquarters in Minneapolis.
Entrance to General Mills' corporate headquarters in Minneapolis.

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.


DEAL STATS #
Overall 11 of 21
Sector: Food M&A 10 of 19
Type: Add-on Acquisition M&A Deals 9 of 17
Country: Brazil M&A 1 of 2
Year: 2012 M&A 2 of 3
Size (of disclosed) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-29 FoodShouldTasteGood

Needham Heights, Massachusetts, United States

FoodShouldTasteGood, Inc. manufactures food products like chips. All chip varieties are gluten free, cholesterol free, and have no trans fats. The chips combine the crunchiness of a chip, the crispiness of a cracker, and the dippability of a tortilla chip.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Immaculate Baking Co.

Wakefield, Massachusetts, United States

Immaculate Baking Co. is a manufacturer and marketer of all-natural and organic refrigerated dough products.

Buy -