General Mills May Sell Progresso, Hamburger Helper, Other Brands
Nov. 12, 2021
Bloomberg reports Big G is looking to raise $3 billion.
General Mills Inc. reportedly is considering selling a handful of older brands, including Progresso soup and Helper, according to Bloomberg.
The financial news service said General Mills is working with Goldman Sachs to explore a divestiture, which might include some smaller brands. The company hopes to raise approximately $3 billion from the sale.
The assets are likely to attract interest from private equity firms, Bloomberg's unnamed sources said. The Minneapolis-based firm has taken on substantial debt with recent acquisitions, including the $8 billion 2018 purchase of Blue Buffalo Pet Products. In March, General Mills sold its 51% controlling interest in Yoplait SAS(the global business) to brand-owner Sodiaal in exchange for full ownership of the Canadian Yoplait business.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...
