General Mills invests US$28m in expansion of US production facility as another Coca-Cola plant closes down

US – American multinational food company General Mills is investing US$28 million in expanding the production capacity of its facility in Sharonville, Ohio.   As part of the expansion, General Mills said it will renovate the building, add new equipment and implement new training programs to support incoming talent development.   The maker of American’s favorite cereal brands says that a total of 33 new jobs are expected to be added at the plant, which currently employs 200.  “At General Mills, we’re accelerating our business and investing meaningfully in our people, brands, and capabilities to…

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General Mills to acquire Tyson Foods’ pet food business as Kraft Heinz splashes US$200m to acquire Primal Kitchen

US – American multinational manufacturer and marketer of branded consumer foods General Mills has announced plans to acquire Tyson Foods, Inc.’s pet food business for $1.2 billion to strengthen its position in the rapidly expanding category. General Mills entered the pet food category in 2018 when it acquired Blue Buffalo Pet Products, Inc. for approximately US$8 billion. Since then, the pet food market has been rapidly expanding thanks to a rise in the number of American homes that own pets. “Pet food is a high-growth category, fueled by the humanization…

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Beyond Meat to roll out reformulated Beyond Burger as General Mills launches protein-packed yogurt

US – Alternative protein startup Beyond Meat has announced that the reformulated Beyond Burger, designed to taste meatier and juicier with 35% less fat and fewer calories than 80/20 ground beef, will arrive in US grocery stores next week. According to a statement from the company, the new burger will be available in the conventional 2-pack and for the first time in a value 4-pack. The burgers will be available as from May 1 in pop-ups in Atlanta, Chicago, Dallas, Los Angeles, Miami and New York City . The Beyond…

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PepsiCo, General Mills commit to advance regenerative agricultural practices to cut down GHG emissions

US — PepsiCo and General Mills, two of America’s largest food corporations, have joined a growing list of food companies taking sustainability efforts to the farm in an effort to cut down greenhouse gas emissions in their entire value chains. General Mills, Inc. has on its part, committed to advance regenerative agriculture on 1 million acres by 2030, representing approximately 20% of its sourcing footprint in North America. The maker of Cheerios cereal brand says that its regenerative agriculture efforts will focus on its most greenhouse gas emissions-intensive ingredient categories…

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General Mills Q3 profits jump 27% buoyed by elevated at-home food demand

US – American multinational food company General Mills has posted a 27% rise in third-quarter operating profit, as it continues to benefit from elevated at-home food demand driven by the pandemic. For the three months ending 28th February 2021, the company recorded an operating profit of US$827 million while sales increased 8% to US$4.5 billion. The company’s biggest unit – North American retail – recorded a 9% increase in net sales to US$2.37 billion while the unit’s meals and baking segment rose 15% and US cereal went up by 9%.…

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General Mills to achieve full ownership of North America Yoplait business after deal with French dairy Sodiaal

NORTH AMERICA – General Mills has entered into an agreement to sell its 51% stake in Yoplait’s European business to Sodiaal in exchange for Sodiaal’s 49% stake of Yoplait Canada. The deal also involves a  drastic reduction of royalties on sales of Yoplait and Liberté branded yogurt sold in the United States and Canada. According to General Mills, after the transaction closes, the company would completely own North American yogurt operations that generated US$1.4 billion in net sales in the fiscal year 2020. In contrast, the European arm of Yoplait…

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General Mills debuts Nature Valley granola bars in new recyclable wrappers

US – American multinational manufacturer and marketer of branded consumer foods General Mills has announced that its Nature Valley Crunchy granola bars will have fully recyclable plastic wrappers starting this spring. The new wrappers, a first for the category,  are a step toward the General Mills brand’s goal of having 100% recyclable packaging by 2025. The wrappers are made with an advanced processing technology that uses unique polyethylene polymers and can be recycled by dropping them off at How2Recycle centers in grocery stores nationwide. The plastic itself can be turned…

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Pots & Co to expand US presence following investment from General Mills’ venture capital arm

 UK– General Mills’ venture capital arm 301 Inc  is leading a multistage investment of up to £15 million ($20 million) into the business of leading UK producer of potted puddings Pots &Co. The investment according to a statement from Pots & Co will be used  to support the company’s growth strategy to expand its product range and distribution in the US. The investment into Pots & Co is supported by increased retail distribution in the US by the UK producer of potted puddings.  Pots & Co will initially supply both…

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Meals, Baking units push General Mills’ net sales 7% higher in second quarter

US – American multinational manufacturer and marketer of branded consumer foods, General Mills has reported a 7% rise in net sales for the second quarter, following another strong performance by its meals and baking unit. According to financial results posted by the Nature Valley and Fibre One brands owner, second quarter net sales amounted to US$4.7 billion while operating profit rose 13% to reach US$917 million. In the three months ended 29 November 2020, General Mills continued to witness elevated at-home food demand due to the Covid-19 pandemic. The company’s…

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General Mills unveils new Fibre One protein range to cater for weight-conscious consumers

UK – America-based multinational food company, General Mills has expanded its Fibre One line of weight management snack bars with a new protein range in the UK. The protein bars are available in two varieties; cookies & cream and caramel, with the brand claiming that both flavours are “permissibly indulgent”. Each bar contains 90 calories, 10g of protein and 1g of sugar, as the brand aims to meet a range of lifestyle and dietary needs.  “Our research found 71% of Fibre One consumers are interested in protein, but are wary…

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