Eagle Announces Acquisition of Helper and Suddenly Salad
July 5, 2022Read More
Kelso and Eagle Foods are pleased to announce Eagle Foods’ acquisition of Helper main meals and Suddenly Salad from General Mills.
MINNEAPOLIS--(BUSINESS WIRE)--General Mills (NYSE: GIS) today announced it has completed the sale of its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group in a cash transaction valued at approximately $610 million.
Eagle Foods, a portfolio company of Kelso & Company, is a leading producer and marketer of canned sweetened condensed milk, evaporated milk products, and retail snack foods, distributed through U.S. retail channels, foodservice and export, U.S. military, and private label channels.
Net sales for the Helper and Suddenly Salad businesses totaled approximately $235 million in fiscal 2021. General Mills included the impact of this transaction in its Fiscal 2023 guidance issued in its fourth-quarter and full-year fiscal 2022 earnings press release on June 29, 2022.