GIS - Mergers and acquisitions

Violet Foods LLC, a leading manufacturer of pizza sauce, pasta sauce and other tomato products announced today it has acquired the Muir Glen brand of organic tomato products from General Mills, Inc. (NYSE:GIS). Financial terms of the deal were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260127789422/en/ This acquisition marks a significant expansion for Violet Foods, which owns a portfolio of brands including Sclafani, Fattoria Fresca and Don Pepino -- the #1 pizza sauce brand in the Northeast. By integrating Muir Glen's nationally distributed organic tomato products with Violet Foods' established position in f

General Mills, Inc. (NYSE:GIS) today announced it has completed the acquisition of Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45 billion. The business, which includes the Tiki Pets and Cloud Star portfolio of brands, is a growth leader in the Cat feeding and Pet treating segments. This completed transaction marks the fifth acquisition by General Mills in the Pet category: Blue Buffalo (2018) Nudges, Top Chews, and True Chews (2021) Fera Pets (2023) Edgard & Cooper (2024) Whitebridge Pet Brands - North America (2024) The North American Whitebridge Pet Brands business generated approximately

General Mills (NYSE:GIS) today announced it has completed the acquisition of TNT Crust. TNT Crust is a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. TNT Crust was a portfolio company of Peak Rock Capital. The TNT Crust business has generated double-digit compound annual net sales growth over the past four years, with net sales totaling approximately $100 million in 2021. As part of the acquisition, General Mills has also acquired two manufacturing facilities in Green Bay, Wisconsin, and one manufacturing facility in St. Charles, Missouri. About General Mills General Mills makes food the world loves.

With Helper and Suddenly Salad, Eagle is poised for center store category leadershipExpansion of Eagle Foods diversified food platform brings snacks, baking, and tasty, affordable meal solutions together for familiesCLEVELAND, May 25, 2022 /PRNewswire/ -- Eagle Foods announced today that it has entered into a definitive agreement to acquire the Helper main meals and Suddenly Salad side businesses from General Mills, Inc. (NYSE:GIS). The proposed transaction is expected to close in the third quarter of calendar year 2022, subject to regulatory approval. "We are builders of brands, categories, and people," said Bernard Kreilmann, Chief Executive Officer of Eagle Foods. "The Helper and Suddenly

Net sales increased 4 percent to $4.5 billion; organic net sales1 were up 2 percent Operating profit declined 1 percent to $844 million; constant-currency adjusted operating profit was down 2 percent Diluted earnings per share (EPS) totaled $1.02, down 1 percent from the prior year; adjusted diluted EPS of $0.99 was down 2 percent in constant currency Company reaffirms full-year fiscal 2022 outlook ¹ Please see Note 7 to the Consolidated Financial Statements below for reconciliation of this and other non-GAAP measures used in this release. General Mills (NYSE:GIS) today reported results for the first quarter ended August 29, 2021. "I'm proud of the way our team is performing in a

In conjunction with its participation at the 2021 Barclays Global Consumer Staples Conference, General Mills (NYSE:GIS) provided a review of its North America Retail and Pet business segments, highlighted its enterprise priorities, and updated its full-year financial outlook for fiscal 2022. The company reiterated the three key priorities that will be critical to its success this year: 1) Continuing to compete effectively by executing its Accelerate strategy to deliver competitive performance in an evolving operating environment. 2) Successfully navigating the dynamic cost environment, leveraging the company's Holistic Margin Management productivity program, Strategic Reven