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.