Kristin Jones – The WallStreet Journal/Dow Jones Newswires, 05/24/2012
General Mills Inc. (GIS) agreed to acquire privately held Brazilian food company Yoki Alimentos S.A. as it seeks to speed up its growth in that country.
The terms of the deal, which is expected to close in the first half of the fiscal year beginning May 28, weren’t disclosed.
Yoki, a family owned company, was established in 1960 and sells snacks, including popcorn and nuts, premade meals like dry soups and side dishes, grains, beans and seasonings. The company employs more than 5,000 people, and its operating infrastructure in Brazil includes several manufacturing plants and national retail distribution.