M&A Deal Summary |
|
|---|---|
| Date | 2009-03-11 |
| Target | General Mills - Frozen Bread Business |
| Sector | Food |
| Buyer(s) | Pennant Foods |
| Sellers(s) | General Mills |
| Deal Type | Divestiture |
SEARCH BY
Pennant Foods is a large franchisee of Wendy's quick-service restaurants. Pennant operates 94 Wendy's restaurants in several markets in Southern California and Eastern Tennessee. The Wendy's Old Fashioned Hamburgers concept is the third largest hamburger quick-service restaurant concept, operating over 6,500 restaurants worldwide with system-wide revenues that exceed $7 billion. The company's commitment to operational excellence, its diverse menu offering and the quality of its food differentiate Wendy's from its competitors.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Food M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 1 of 1 |
| Year: 2009 M&A | 1 of 1 |
| Category | Company |
|---|---|
| Founded | 1866 |
| Sector | Food |
| Employees | 34,000 |
| Revenue | 19.9B USD (2024) |
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 | 5 of 12 |
| Sector: Food M&A | 3 of 10 |
| Type: Divestiture M&A Deals | 4 of 11 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 5 of 10 |
| Year: 2009 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2008-08-13 |
General Mills - Pop Secret Popcorn Business
Minneapolis, Minnesota, United States Pop Secret is a brand in the microwave popcorn category and commands a 25 percent share in U.S. grocery stores. Pop Secret is available in a variety of traditional flavors, as well as a rapidly growing 'better-for-you' product offering featuring 100-calorie packs. |
Sell | $190M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-11-19 |
Mountain High Yogurt
Englewood, Colorado, United States Mountain High all-natural yoghurt is a large-size yogurt brand in the Western United States. Mountain High Yoghurt products are sold in major retail outlets across the Western United States. Mountain High produces all-natural original-style, low-fat, and fat-free yogurt in 32-oz., 64-oz., and 6-oz. sizes in a variety of flavors including plain, vanilla, strawberry, lemon, and raspberry. |
Buy | - |
