General Mills Sells Forno de Minas Business

The sale includes the Forno De Minas brand, its production facility in Contagem, MG, and other assets associated with the Brazilian bread business.

14/05/09 General Mills announced that it has signed an agreement to sell the Forno De Minas business to Laticínios Condessa, a supplier of food ingredients in Belo Horizonte, Brazil.

The sale includes the Forno De Minas brand,  its production facility in Contagem, MG, and other assets associated with the Brazilian bread business. Terms of the sale were not disclosed.

The company restructured on April 17 and stopped producing the bread products to focus on its faster growing businesses in Brazil.

General Mills acquired Forno De Minas and Frescarini with its acquisition of the Pillsbury Company in 2001.