Minneapolis / MN. (gm) General Mills Inc. announced that it has signed an agreement to sell the Forno De Minas business to Laticínios Condessa, a supplier of food ingredients in Belo Horizonte, Brazil. The sale includes the Forno De Minas brand, its production facility in Contagem (Minas Gerais) and other assets associated with the Brazilian bread business. Terms of the sale were not disclosed. The company restructured in April and stopped producing the bread products to focus on its faster growing businesses in Brazil. General Mills acquired Forno De Minas and Frescarini with its acquisition of the Pillsbury Company in 2001.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- SSP Group: announces Third Quarter Trading Update 2024
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Delivery Hero: may face significant fine due to antitrust violations
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy
