General Mills Completes Acquisition of TNT Crust

MINNEAPOLIS, June 22, 2022–(Business enterprise WIRE)–Typical Mills (NYSE: GIS) these days announced it has concluded the acquisition of TNT Crust. TNT Crust is a maker of higher-high-quality frozen pizza crusts for regional and nationwide pizza chains, foodservice distributors, and retail outlets. TNT Crust was a portfolio company of Peak Rock Money.

The TNT Crust business enterprise has generated double-digit compound yearly net sales development about the previous 4 decades, with net revenue totaling about $100 million in 2021. As portion of the acquisition, Typical Mills has also obtained two producing facilities in Green Bay, Wisconsin, and just one production facility in St. Charles, Missouri.

About Basic Mills

Standard Mills can make food stuff the world enjoys. The corporation is guided by its Speed up technique to drive shareholder value by boldly making its brand names, relentlessly innovating, unleashing its scale and being a drive for fantastic. Its portfolio of beloved models involves family names these types of as Cheerios, Mother nature Valley, Blue Buffalo, Häagen-Dazs, Aged El Paso, Pillsbury, Betty Crocker, Yoplait, Annie’s, Wanchai Ferry, Yoki and much more. Headquartered in Minneapolis, Minnesota, United states, Standard Mills created fiscal 2021 net income of U.S. $18.1 billion. In addition, the company’s share of non-consolidated joint enterprise net revenue totaled U.S. $1.1 billion.

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