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General Mills completes sale of U.S. Yogurt business to Lactalis

General Mills (GIS) has completed the sale of its U.S. Yogurt business to Lactalis. The divestiture includes the U.S. operations of several yogurt brands including Yoplait, Go-Gurt, Oui, Mountain High, and :ratio, as well as manufacturing facilities in Murfreesboro, Tenn. and Reed City, Mich. The U.S. Yogurt business contributed approximately $1.2B to General Mills’ fiscal 2025 net sales. The company expects to use the net proceeds from the transaction for share repurchases and debt reduction.

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