General Mills North American yogurt business acquired by Lactalis and Sodiaal
Lactalis and Sodiaal acquired General Mills North American yogurt business, an United States & Canada food brand, on Jun 30, 2025.
Transaction summary
- Target
- General Mills North American yogurt business
- Acquirer
- Lactalis and Sodiaal
- Seller
- General Mills, Inc.
- Announced
- 2024-09-12
- Geography
- United States & Canada
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 2.1B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
1.4x
Period: FY2024
Basis: Public source
EV / EBITDA
-
EBITDA basis not stated
Basis: Public source
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 2.1B
Basis
- Reported value: US$2.1bn. Multiples use revenue of US$1.5bn (FY2024).
Source summary
General Mills sells Yoplait, Liberte yogurt to Lactalis, Sodiaal (Food Dive)
Confirmedcash transactions valued at an aggregate $2.1 billion
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