General Mills completes Brazil sale, expands Pillsbury frozen croissant range - Milling Middle East & Africa
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USA – General Mills has completed the sale of its business in Brazil to 3corações, while separately expanding its Pillsbury portfolio by introducing frozen Grands! Croissants in Butter and Chocolate varieties. The completed transaction transfers General Mills' Brazilian operations to 3corações, including popular local brands Yoki and Kitano and supply-chain facilities in Pouso Alegre and Campo Novo do Parecis. The divestiture, first announced as a definitive agreement in March 2026, was subject to specified deductions and customary post-closing adjustments, following the receipt of required regulatory approvals. The divestment forms part of a broader effort by the Minneapolis-based food company to reshape its business portfolio. General Mills said it has changed approximately one-third of its net sales base through acquisitions and divestitures since fiscal 2018. The new product launch marks the brand's first foray into frozen, ready-to-bake croissant dough for retail consumers, promising to deliver fresh, warm, bakery-inspired pastries directly from the home oven without the traditional hassle of rolling, proofing, or thawing. Crafted to meet growing consumer demand for high-quality, convenient home-baking experiences, each croissant features 48 delicate layers designed to achieve a light, flaky texture. The Butter Grands! Croissants are crafted with real butter to offer a...
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