General Mills Sells North American Yogurt Division in $2.1 Billion Deal to Refocus on Core Brands
General Mills, the food giant behind popular brands like Cheerios, announced plans to sell its North American yoghurt business to two French dairy companies, Groupe Lactalis and Sodiaal, in a $2.1 billion transaction. The sale includes its U.S. yogurt unit, which will be acquired by Lactalis, while Sodiaal will take over the Canadian operations. The…