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General Mills closing cereal, yogurt plants

cereal_lucky_charms_chocMINNEAPOLIS – General Mills, located in Minneapolis, Minnesota, and one of the world’s largest food companies – has announced plans to close two manufacturing plants.

General Mills today announced a preliminary decision to close its manufacturing facility in Lodi, Calif. A closure would impact approximately 430 employees.

The decision is subject to negotiation with union officials, and it would consolidate manufacturing at other facilities within the General Mills supply chain. If the decision becomes final, the company expects the facility would close near the end of 2015.

General Mills has operated in Lodi since 1947. The plant primarily manufactures cereal.

yogurt_yoplait_packageGeneral Mills also today announced plans to close its yogurt manufacturing facility in Methuen, Mass.

The company said it is optimizing its yogurt manufacturing network, consolidating production at other facilities within the General Mills supply chain.

The company expects the transition to be completed by late summer of 2015.

The decision will impact 144 employees. General Mills said it will provide severance and transition benefits to all affected employees.

General Mills has operated the plant in Methuen since 1993.

General Mills brands include Betty Crocker, Cheerios, Fiber One, Green Giant, Hamburger Helper, Nature Valley, Pillsbury, Progresso and Yoplait.

Yesterday, on September 17, General Mills announced net sales for the 13 weeks ended August 24, 2014, declined 2 percent to $4.27 billion. Segment operating profit totaled $690 million, down 15 percent from last year’s results. Net earnings attributable to General Mills totaled $345 million and diluted earnings per share totaled 55 cents.

General Mills introduced more than 250 new items worldwide during the first quarter. Significant U.S. Retail launches included: Cheerios Protein cereal; Chex gluten-free oatmeal varieties; new flavor varieties of Yoplait Greek and Greek 100 yogurt; Fiber One Streusel snack bars, and Old El Paso Bold stand and stuff taco kits. International product launches included Haagen-Dazs Triple Sensations ice cream varieties in Europe, Betty Crocker dessert mixes in Brazil and new seasonal varieties of Wanchai Ferry frozen dumplings in China.

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