M&A Deal Summary

Sodiaal Acquires General Mills Canadian Yogurt Business

On September 12, 2024, Sodiaal acquired food company General Mills Canadian Yogurt Business from General Mills

Acquisition Highlights
  • This is Sodiaal’s 2nd transaction in the Food sector.
  • This is Sodiaal’s 1st transaction in Canada.
  • This is Sodiaal’s 1st transaction in Quebec.

M&A Deal Summary

Date 2024-09-12
Target General Mills Canadian Yogurt Business
Sector Food
Buyer(s) Sodiaal
Sellers(s) General Mills
Deal Type Divestiture

Target

General Mills Canadian Yogurt Business

Saint-Hyacinthe, Quebec, Canada
General Mills' Canadian Yogurt Business provides several yogurt brands including Yoplait and Liberté, as well as a manufacturing facility in Saint-Hyacinthe, Québec.

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Buyer(S) 1

Buyer

Sodiaal

Paris, France

Category Company
Founded 1964
Sector Food
Employees9,100
DESCRIPTION

Sodiaal provides daily food essential to the health and well-being of all: cheeses, fluid milk, cream, butter, powders & dairy ingredients, yogurts, frozen products. Sodiaal was founded in 1964 and is based in Paris, France.


DEAL STATS #
Overall 2 of 2
Sector: Food M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-23 Yoplait

Minneapolis, Minnesota, United States

Yoplait provides a range of dairy products. The company has direct operations in countries including France, the United Kingdom, and Canada, and also manages a network of 26 franchisees that license Yoplait brands. Yoplait was founded in 2001 and is based in Minneapolis, Minnesota.

Buy -

Seller(S) 1

SELLER

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 12 of 12
Sector: Food M&A 10 of 10
Type: Divestiture M&A Deals 11 of 11
State: Quebec M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-12 General Mills - U.S. Yogurt Business

United States

General Mills's U.S. Yogurt Business provides yogurt products.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-14 Whitebridge Pet Brands - North American Premium Cat Feeding and Pet Treating Business

Chesterfield, Missouri, United States

Whitebridge Pet Brands' North American Premium Cat Feeding and Pet Treating Business includes the Tiki Pets and Cloud Star portfolio of brands. Whitebridge Pet Brands' North American Premium Cat Feeding and Pet Treating Business is based in Chesterfield, Missouri.

Buy $1.5B