General Mills Announces Proposed Sale of European Yoplait Operations to Sodiaal
Net sales for the Yoplait S.A.S business that would be wholly owned by Sodiaal totaled $740 million in fiscal 2020.
- Net sales for the Yoplait S.A.S business that would be wholly owned by Sodiaal totaled $740 million in fiscal 2020.
- Under the terms of the transaction, General Mills would acquire Sodiaals 49 percent ownership interest in Yoplait Canada Holding Co., making the Yoplait Canada yogurt business, which generated $290 million in net sales in fiscal 2020, a wholly owned subsidiary of General Mills.
- At the same time, we are pleased to be returning the European Yoplait business to the brands original creator and our trusted partner, Sodiaal.
- The General Mills team will work diligently alongside Sodiaal to ensure a smooth transition as this business enters its next chapter.