General Mills Announces Major Restructuring Plan Involving Facility Closures

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announced a multi-year organizational initiative to enhance supply chain competitiveness. This initiative includes the closure of a North America Foodservice pizza crust manufacturing facility in St. Charles, Missouri, and two North America Pet manufacturing facilities in Joplin, Missouri, which were acquired in the Whitebridge Pet Brands acquisition. General Mills expects to incur approximately $82 million of restructuring charges, consisting of $64 million in asset write-offs and $18 million in other costs including severance. The company anticipates recognizing $43 million of asset write-offs and $6 million of other costs in the second quarter of fiscal 2026, with the actions expected to be completed by the end of fiscal 2029.

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About General Mills Inc.

General Mills Inc. is a leading global manufacturer and marketer of branded consumer foods. It operates in the retail, foodservice, and commercial baking industries, offering a diverse portfolio that includes cereals, snacks, yogurt, and convenient meals. Notable brands under General Mills include Cheerios, Betty Crocker, Häagen-Dazs, Nature Valley, and Pillsbury. The company plays a critical role in the consumer staples sector by producing and distributing food products that are essential for everyday consumption. General Mills' commitment to innovation and sustainability is evident in its focus on health-conscious offerings and renewable packaging. Headquartered in Minneapolis, Minnesota, General Mills has a significant market presence across North America and globally in more than 100 countries, underscoring its influence in the global food supply chain and consumer market. With a strong emphasis on community engagement and corporate responsibility, General Mills continues to impact the food industry through strategic growth and adaptation to consumer preferences.