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0.00116550116550114 0.00116550116550114 0.00116550116550114 0.00116550116550114 -0.0058275058275057 -0.00233100233100228 -0.00233100233100228 -0.00233100233100228
Stock impact report

General Mills sells Muir Glen tomato brand to private equity firm [Yahoo! Finance]

B&G Foods, Inc. B&G Foods, Inc. (BGS) 
Last b&g foods, inc. b&g foods, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NYSE Investor Relations: en.wikipedia.org/wiki/b
Company Research Source: Yahoo! Finance
General Mills sold its Muir Glen brand of organic tomatoes to Violet Foods, a manufacturer of pizza sauce, pasta sauce and other tomato products owned by Amphora Equity Partners. Terms of the deal were not disclosed. The divestiture allows General Mills to shed a non-core brand to focus on its faster-growing snacks and pet food offerings. The sale follows the company's divestiture of its North American yogurt business , which included Yoplait, for $2 billion last year. Violet Foods has been actively building its tomato presence by purchasing brands from larger CPG companies. Last year, it purchased Don Pepino and Sclafani from B&G Foods. For General Mills, unloading Muir Glen removes a smaller brand from its portfolio and gives the Minnesota company — best known for Cheerios, Progresso and Chex Mix — an opportunity to invest in and pay more attention to core products. With consumers cooking more at home in an effort to save cash, it's possible General Mills is taking advantag Show less Read more
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