Annie's Inc., a natural and organic foods company, has agreed to be acquired by General Mills, Inc. for $46.00 per share in cash, for a total transaction value of approximately $820 million.
General Mills has announced a commitment to sustainably source 100 percent of its 10 priority ingredients by 2020, including cocoa, sugar and other ingredients.
In response to increased supply chain demands, food re-distributor Dot Foods Inc. and General Mills have reached an agreement for Dot to carry General Mills’ refrigerated Yoplait and Pillsbury brand offerings.
A lawsuit forces General Mills to defend the accuracy of its ‘Natural’ labeling claims on its Nature Valley products. The labels state the products as natural when they contain highly processed ingredients.