Eagle Food Centers

General Mills Completes Sale of Helper and Suddenly Salad Businesses

Retrieved on: 
Tuesday, July 5, 2022
Supermarket, Retail, Restaurant, Bar, Food, Beverage, General officer, Sale, Wanchai Ferry, Company, Kelso & Company, Food, GIS, General Mills, Helper, NYSE, Name, Eagle Food Centers, Pillsbury, Cheerios, Yoplait

General Mills (NYSE: GIS) today announced it has completed the sale of its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group in a cash transaction valued at approximately $610 million.

Key Points: 
  • General Mills (NYSE: GIS) today announced it has completed the sale of its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group in a cash transaction valued at approximately $610 million.
  • Net sales for the Helper and Suddenly Salad businesses totaled approximately $235 million in fiscal 2021.
  • General Mills included the impact of this transaction in its Fiscal 2023 guidance issued in its fourth-quarter and full-year fiscal 2022 earnings press release on June 29, 2022.
  • Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2022 net sales of U.S. $19.0 billion.