General Mills Completes Sale of Business in Brazil to 3corações

General Mills exits its Brazil business, including Yoki and Kitano, as part of an ongoing portfolio reshaping strategy focused on profitable growth.

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MINNEAPOLIS--(BUSINESS WIRE)-- General Mills, Inc. (NYSE: GIS) today announced it has completed the sale of its business in Brazil to 3corações. The divestiture encompasses a portfolio of leading local brands such as Yoki and Kitano, as well as supply chain facilities in Pouso Alegre and Campo Novo do Parecis.

This transaction represents further progress in General Mills’ efforts to reshape its portfolio by increasing its focus on brands and platforms that provide the strongest opportunities for profitable growth. Since fiscal 2018, General Mills has turned over approximately one-third of its net sales base through acquisitions and divestitures.

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About General Mills

General Mills makes food the world loves. The company is guided by its Accelerate strategy to boldly build its brands, relentlessly innovate, unleash its scale and stand for good. Its portfolio of beloved brands includes household names like Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Totino’s, Annie’s, Wanchai Ferry and more. General Mills generated fiscal 2026 net sales of U.S. $18 billion. In addition, the company’s share of non-consolidated joint venture net sales totaled U.S. $1 billion. For more information, visit www.generalmills.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260903536021/en/

(Investors) Jeff Siemon: +1-763-764-3202

(Media) Chelcy Walker: +1-763-764-6364

Source: General Mills, Inc.

Key Terms

divestiture financial

Divestiture is the process of selling or getting rid of a part of a company, such as a division or asset. It often happens when a business wants to focus on its core activities or improve its finances. For investors, divestitures can signal strategic shifts or influence the company's value, affecting investment decisions.