Sodiaal Acquires Yoplait and Liberté Brands in Canada
French Dairy Giant Expands North American Presence
Transaction Includes Manufacturing Facilities and Distribution Network
In a significant move, Sodiaal, the French dairy cooperative, has announced an agreement to acquire the Canadian operations of Yoplait and Liberté brands from General Mills. The acquisition includes manufacturing facilities, distribution networks, and the licensing of the Yoplait and Liberté brands in Canada.
This acquisition marks a significant expansion for Sodiaal's presence in North America. The company already operates several manufacturing facilities in the United States and has been seeking to grow its footprint in the region.
The transaction is expected to close in the second half of 2023, subject to regulatory approvals. Financial terms of the deal were not disclosed.
Benefits for Sodiaal
- Expands Sodiaal's presence in North America, a key growth market.
- Adds well-established brands to Sodiaal's portfolio, including Yoplait, a leading yogurt brand in Canada.
- Provides access to manufacturing facilities and distribution networks to support growth.
Benefits for General Mills
- Allows General Mills to focus on its core businesses in North America.
- Enables General Mills to allocate resources to other growth opportunities.
- Provides a strong partner for the Yoplait and Liberté brands in Canada.
About Sodiaal
Sodiaal is a French dairy cooperative owned by 20,000 farmers. The company is the leading dairy producer in France and one of the largest in Europe. Sodiaal's brands include Président, Candia, and Entremont.
About General Mills
General Mills is a global food company headquartered in Minneapolis, Minnesota. The company's brands include Cheerios, Häagen-Dazs, and Betty Crocker. General Mills has been operating in Canada for over 100 years.
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