M&A Deal Summary

Sodiaal Acquires Yoplait

On March 23, 2021, Sodiaal acquired food company Yoplait from General Mills

Acquisition Highlights
  • This is Sodiaal’s 1st transaction in the Food sector.
  • This is Sodiaal’s 1st transaction in the United States.
  • This is Sodiaal’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-03-23
Target Yoplait
Sector Food
Buyer(s) Sodiaal
Sellers(s) General Mills
Deal Type Divestiture

Target

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.

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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 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Minnesota) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

General Mills

Minneapolis, Minnesota, United States
Category Company
Founded 1866
Sector Food
Employees32,500
Revenue 20.1B USD (2023)
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 7 of 9
Sector (Food) 5 of 7
Type (Divestiture) 6 of 8
State (Minnesota) 4 of 5
Country (United States) 7 of 8
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-23 Blue Buffalo Pet Products

Wilton, Connecticut, United States

Blue Buffalo Pet Products, Inc. is a natural pet food company, providing natural foods and treats for dogs and cats under its BLUE Life Protection Formula, BLUE Wilderness, BLUE Basics, BLUE Freedom and BLUE Natural Veterinary Diet lines.

Buy $8.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-14 Tyson Foods’ Pet Treats Business

Springdale, Arkansas, United States

Tyson Foods’ Pet Treats Business is a provider of natural pet treats including the NUDGES, TRUE CHEWS, and TOP CHEWS brands, as well as a production facility in Independence, Iowa.

Buy $1.2B
Mergr

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