General Mills Acquires Brazilian Yogurt Maker Carolina For Disclosed Terms

(RTTNews) - Food maker General Mills (GIS) Wednesday said it has acquired Brazilian yogurt maker Carolina Administracao e Participacoes Societarias Ltda., a privately-held dairy products company headquartered in Ribeirao Claro, Parana, Brazil. Terms of the transaction were not disclosed.

Carolina is a family-owned Brazilian company established in 1969, and operates primarily in southern and southeastern Brazil. It is a leading regional dairy products producer, and is known for its strong regional yogurt brands, Carolina, VeryGurt and Gluck.

Carolina sources high-quality milk from farmers in the dairy-rich region of Parana, and markets more than 20 dairy product lines. It employs more than 390 people in Ribeirao Claro and across the region. Carolina has significant regional operating, sales and distribution infrastructure.