May 19, 2011 • By

Yoplait deal advances

This week General Mills announced an important development, and we couldn’t be more excited.

On Wednesday, General Mills signed definitive agreements with PAI partners and Sodiaal to acquire a 51 percent controlling interest in Yoplait S.A.S. and a 50 percent interest in a related entity that holds the worldwide Yoplait brands.

We expect to close in the first quarter of our fiscal 2012.

Yoplait is a brand that we know very well – and yoghurt is global category in which General Mills has been very successful. We see tremendous potential in the Yoplait brand and tremendous growth potential in yoghurt globally.

Together, General Mills and Sodiaal are well positioned to grow the Yoplait brand around the world. It is an exciting combination.

We’re looking forward to sharing more details with you when the deal closes.