General Mills Sells Yoplait, All Other Yogurt Brands For $2.1 Billion

MINNEAPOLIS — General Mills will sell its North American Yogurt business to two leading French dairy companies for $2.1 billion, the Minneapolis-based consumer foods giant announced Thursday.

The deal includes several yogurt brands, including Yoplait, Liberté, Go-Gurt, Oui, Mountain High, and :ratio.

Manufacturing facilities in Tennessee, Michigan, and Québec will be turned over to the two buyers, Lactalis and Sodiaal. Lactalis is acquiring the U.S. business and Sodiaal is acquiring the Canadian business.

In total, the North American Yogurt business contributed about $1.5 billion to General Mills’ fiscal 2024 net sales.

"Today’s announcement represents another significant step forward for General Mills in advancing our Accelerate strategy and our portfolio reshaping ambitions," said General Mills Chairman and Chief Executive Officer Jeff Harmening.

"By efficiently managing our portfolio and sharpening our focus on our global platforms and local gem brands that have stronger growth prospects and more attractive margins, we will be in a better position to drive top-tier shareholder returns over the long term."

"We would also like to take this time to thank our North American Yogurt team members for their significant contributions,” Harmening continued.

"In Lactalis and Sodiaal, we believe we’ve found the right homes for these businesses, with dairy-focused owners who are well equipped to drive success for our people and growth for these brands into the future."

The sale is expected to close in 2025.