{"id":30618,"date":"2014-09-09T09:38:13","date_gmt":"2014-09-09T13:38:13","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=30618"},"modified":"2014-09-09T09:38:13","modified_gmt":"2014-09-09T13:38:13","slug":"general-mills-inc-nysegis-seeks-to-boost-sales-by-acquiring-organic-food-producer-annies-inc-nysebnny","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/general-mills-inc-nysegis-seeks-to-boost-sales-by-acquiring-organic-food-producer-annies-inc-nysebnny-30618","title":{"rendered":"General Mills, Inc. (NYSE:GIS) Seeks To Boost Sales By Acquiring Organic Food Producer Annie\u2019s Inc (NYSE:BNNY)"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/09\/2014 (wallstreetpr)<strong>\u00a0\u2013<\/strong><strong>\u00a0<\/strong><strong>General Mills, Inc. (NYSE:GIS)<\/strong> announced its plan to take-over <strong>Annie\u2019s Inc (NYSE:BNNY) <\/strong>for $820 million on Monday.<\/p>\n<p style=\"text-align: justify;\">General Mills is set to acquire one of the biggest organic and natural food products\u2019 producers, the company announced. The deal is announced at a time when the organic food market is showing surging sales in the U.S. Sales in the country jumped as much as 11.5%, to $35.1 billion, in 2013, as reported by the Organic Trade Assn.<\/p>\n<p style=\"text-align: justify;\">General Mills, Inc. (NYSE:GIS)\u00a0aims to mark a bigger presence in the sector with this acquisition, <a href=\"http:\/\/online.wsj.com\/articles\/general-mills-to-buy-natural-foods-company-annies-1410210721\">The Wall Street journal reported<\/a>. The deal will help the company to bag Annie\u2019s wide product range, including H\u00e4agen-Dazs ice cream, Green giant preserved vegetables, and Chex and Cheerios cereals.<\/p>\n<p style=\"text-align: justify;\"><strong>Packaged Food Versus Organic Food<\/strong><\/p>\n<p style=\"text-align: justify;\">The move underlines the efforts that large scale food companies are making to cope with the increasing preference of people towards food products made out of more natural ingredients. Consumers in the U.S. have been increasingly reluctant to spend on food products such as Cereals, in particular. General Mills, Inc. (NYSE:GIS) has also been fighting to increasing sales, like its peers dealing with traditional packaged food. Hence, in line with the industry moves, it agreed to offer Annie\u2019s Inc (NYSE:BNNY)\u00a0$46 per share on its Monday closing price, as per the deal. With the announcement, Annie\u2019s stock price jumped to approximately $46, while General Mills surged to $54.21.<\/p>\n<p style=\"text-align: justify;\"><strong>Entering Growing Markets<\/strong><\/p>\n<p style=\"text-align: justify;\">On one hand where the packaged food industry is reporting a rapid decline in sales, General Mills\u2019 Chief Operating Officer, Jeff Harmening, reported a growth at compound rate of as much as 12% in the organic food market. Although Annie\u2019s Inc (NYSE:BNNY)\u00a0operating business is small as compared to General Mills, Inc. (NYSE:GIS), it had reported earning revenue of as huge as $17.9 billion in its previous fiscal year. The acquisition of the Berkeley, California-based food company has shown rapid growth since it was established in 1989 and demonstrates the potential to benefit General Mills.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/09\/2014 (wallstreetpr)\u00a0\u2013\u00a0General Mills, Inc. (NYSE:GIS) announced its plan to take-over Annie\u2019s Inc (NYSE:BNNY) for $820 million on Monday. General Mills is set to [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":30680,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[8864,6267,8865,1037,1272],"stock_ticker":[],"class_list":["post-30618","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-annies-inc-nysebnny","tag-general-mills-inc-nysegis","tag-jeff-harmening","tag-nysebnny","tag-nysegis","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>General Mills, Inc. 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General Mills is set to [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/general-mills-inc-nysegis-seeks-to-boost-sales-by-acquiring-organic-food-producer-annies-inc-nysebnny-30618\" \/>\n<meta property=\"og:site_name\" content=\"Wall Street PR\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WallStreetPR\/\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-09T13:38:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cablemanpro.com\/wallstreetpr\/wp-content\/uploads\/2014\/09\/general-mills-inc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"318\" \/>\n\t<meta property=\"og:image:height\" content=\"159\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Byrne\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Byrne\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/general-mills-inc-nysegis-seeks-to-boost-sales-by-acquiring-organic-food-producer-annies-inc-nysebnny-30618#article\",\"isPartOf\":{\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/general-mills-inc-nysegis-seeks-to-boost-sales-by-acquiring-organic-food-producer-annies-inc-nysebnny-30618\"},\"author\":{\"name\":\"Brendan Byrne\",\"@id\":\"https:\/\/cablemanpro.com\/wallstreetpr\/#\/schema\/person\/63a75bf2d685d9d351a6f01cfc69b511\"},\"headline\":\"General Mills, Inc. 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