PARIS – French dairy cooperative Sodiaal has entered into an agreement with General Mills, Inc., Minneapolis, to acquire a controlling interest in Yoplait SAS in exchange in for full ownership of Yoplait’s Canadian business and a reduced royalty rate for the use of the Yoplait and Liberte brands in the United States and Canada. The transaction is expected to close by the end of 2021.
Yoplait SAS generated $740 million in fiscal 2020, according to General Mills. The business includes assets in France, the United Kingdom and certain other markets.
Under the terms of the transaction, Sodiaal would acquire 51%