Sodiaal to acquire Yoplait Canada and the 51% stake in Yoplait from General Mills.

Sodiaal, a France's dairy cooperative, agreed to acquire Yoplait Canada and the 51% stake in Yoplait, the world's largest franchise brand of yogurt, from General Mills, a global food company. The proposed transaction is expected to close by the end of calendar 2021, subject to appropriate labor consultations, regulatory filings, and other customary closing conditions. Financial terms were not disclosed. “The brand with the little flower, a true national heritage brand, is the pride of our cooperators and employees. It would help secure the collection of milk from our members in the long term. This operation would be carried out in accordance with the values ​​which drive the members of our cooperative: solidarity, innovation, dynamics of agricultural territories, environmental and social responsibility ” Damien Lacombe, Sodiaal Chairman.