General Mills completes sale of Brazil business to 3corações
GIS•General Mills completes Brazil business sale
General Mills completed the sale of its Brazil business to 3corações.
The divestiture includes local brands Yoki and Kitano.
Supply chain facilities in Pouso Alegre and Campo Novo do Parecis were transferred.
The deal advances a portfolio reshaping effort focused on higher-return brands and platforms.
Since fiscal 2018, General Mills has rotated about one-third of its net sales base via acquisitions and divestitures.
