General Mills acquires Annie’s

General Mills acquires Annie's

General Mills acquires Annie's

General Mills acquires organic food company Annie’s. General Mills, food giant which includes brands Pillsbury, Haagen-Dazs, Cheerios or Nature Valley, buys Annie’s in cash deal for $825 Million. Annie’s in this time celebrates 25 years anniversary since establishment.

Annie’s product portfolio includes mac and cheese products, salad dressigns, pizzas, pretzels, barbecue sauces and many others.

“Consumers know and trust Annie’s purpose-driven culture and authentic brand,” Jeff Harmening, the chief operating officer for General Mills United States retail business, said in a statement. “We believe that combining the Annie’s product portfolio and go-to-market capabilities with General Mills’ supply chain, sales and marketing resources will accelerate the growth of our organic and natural foods business.”

Annie’s main interest that it would stay to values of healthy food and sensitized to environment business.

“Powerful consumer shifts toward products with simple, organic and natural ingredients from companies that share consumers’ core values show no signs of letting up,” John Foraker, the chief executive of Annie’s, said in a statement. “Partnering with a company of General Mills’ scale and resources will strengthen our position at the forefront of this trend.”

The stock price of $46 is 51 percent premium over 30-day average of Annie’s closing price.

General Mills plans to run tender offer within 10 business days for Annie’s shares. The deal is subject to earn a majority of the shares being tendered and to regulatory approval, is expected to close later this year.

Annie’s’ advisors are JPMorgan Securities and the law firm Proskauer Rose.

Mr. Stakebay says:

 This acquisition will expand General Mills’ organic and natural foods industry and increased number of attractive food categories with particular strength in convenient meals and snacks to maximize value for stockhodlers and help it to expand into new channels and product lines.

CEO of General Mills …………..Kendall J. Powell……….(2007-present)…………$ 11 604 484 (2013)

CEO of Annies…………………..John M. Foraker…………(2004-present)…………….$ 524 130 (2013)





$ 17.774 billion (2013)

 $ 204.1 million (2013)

Operating income

$ 3.198 billion (2013)

$ 26.12 million (2013)


$1.855 billion (2013)

$ 15.29 million (2013)

Total assets

$ 22.658 billion (2013)

$ 103.64 million (2013)

Total Equity

$ 6.672 billion (2013)

$ 84.91 million (2013)


41 000 (2013)

106 (2013)

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