General Mills sells Yoplait, Go-Gurt, and Mountain High to French dairy giant Lactalis for $2.1 billion, reshaping the North American yogurt market.
Yoplait's New Era Lactalis Takes Over General Mills' Yogurt
Yoplait yogurt. (The Minnesota Star Tribune)

French dairy giant acquires iconic North American brands in $2.1 billion deal, signaling major market shift and innovation push.

A significant shake-up in the North American dairy market has occurred with the finalization of General Mills’ sale of its yogurt business to French dairy giant Lactalis. This monumental $2.1 billion deal includes iconic brands such as Yoplait, Go-Gurt, and Mountain High, marking the end of General Mills’ nearly 50-year involvement in the yogurt sector. For the international dairy community, this acquisition signifies a strategic consolidation and a renewed focus on innovation within a key consumer segment.

Lactalis has wasted no time in establishing its presence, opening a new office in Minnetonka to manage its newly acquired portfolio. As part of the acquisition, approximately 1,000 General Mills employees have transitioned to Lactalis, along with the associated manufacturing facilities. This seamless integration aims to leverage existing operational expertise while injecting Lactalis’s global dairy insights into the North American market, impacting regional dairy economics.

General Mills, once a dominant force in the U.S. yogurt landscape, had notably struggled to maintain its market share in recent years. The rise of Greek yogurt and other innovative product categories posed significant competitive challenges that General Mills found difficult to counter effectively. This sale reflects a strategic divestment by General Mills to streamline its portfolio and focus on other core businesses.

Conversely, Lactalis, with its extensive global expertise in the dairy industry, is poised to revitalize these well-known brands. The company’s strategy involves substantial investment in both innovation and manufacturing capabilities, aiming to re-energize Yoplait, Go-Gurt, and Mountain High. This move underscores Lactalis’s commitment to expanding its footprint and leadership in the North American dairy products segment.

This acquisition is more than just a change of ownership; it represents a significant strategic realignment within the agribusiness and food manufacturing sectors. It highlights the dynamic nature of consumer preferences and the continuous need for investment in product development and market adaptation to maintain competitiveness in the ever-evolving dairy and food industry.

Source: Star Tribune: General Mills sells Yoplait to French dairy giant Lactalis

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