100s of titles, one news app for just $10 a month.
Dive Deeper:
Worksport Acquires New York Manufacturing Facility For $8M
Worksport Ltd (NASDAQ:WKSP) subsidiary WKSP NY has acquired a manufacturing facility in New York for $8.125 million. The facility is 152,847 square feet…
22nd Century Group Acquires Privately-Held Cannabis & Hemp Co., Here's What's Next
22nd Century Group, Inc. (NASDAQ: XXII) announced the acquisition of privately held GVB Biopharma. GVB - a contract development and…
Pfizer Acquires This Migraine Drug Maker For $11B: What Investors Need To Know
Pfizer Inc (NYSE:PFE) will acquire Biohaven Pharmaceutical Holding Company Ltd (NYSE:BHVN) for $148.50 per share, equivalent to $11.6 billion.  Pfizer will also make payments at…
5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation
Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a…
One subscription that gives you access to news from hundreds of sites
Raymond James Says 'Supply Chain Challenges Made Q1 Messy' For This Medtech Stock
ICU Medical Inc (NASDAQ:ICUI) reported Q1 sales of $543.1 million vs. Raymond James' estimate of $530 million.  Core ICU beat by $7 million,…
Why Kornit Digital Shares Are Plunging Today
Kornit Digital Ltd (NASDAQ:KRNT) reported first-quarter revenue growth of 26% year-over-year to $83.3 million, missing the consensus of $87.81 million. Adjusted EPS…
Get all your news in one place
Latest Business news:
The Star executive chairman John O'Neill announces his resignation
The executive chairman of Star Entertainment Group, John O'Neill, has tendered his resignation and will step down from the board.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
US Growth Seen Outpacing China’s for First Time Since 1976
China’s coronavirus lockdowns mean its economic growth may undershoot the US for the first time since 1976, in a role…
McDonald’s effort to ‘de-arch’ Russia is unlikely to prove easy
The brand is pulling out fully though its exit path looks trip-wired
Woolworths to buy MyDeal.com.au for $243m
Supermarket giant Woolworths is proposing to acquire MyDeal.com.au for $1.05 per share, a 63 per cent premium.
Economy changes despite political boasts
There has been a marked change in the Australian economy in a matter of weeks and largely out of the…
From analysis to good news, read the world’s best news in one place
How the major parties’ election tech promises stack up
Australians will head to the polls on Saturday following a long election campaign which was largely devoid of tech-focused policy…
ASX snaps four-week losing streak, Crown shareholders back $8.9b takeover
The Australian share market jumps in afternoon trade, despite another volatile day on Wall Street as investors weighed up the…

General Mills Acquires Frozen Pizza Crust Maker TNT Crust

By Shivani Kumaresan
  • General Mills Inc (NYSE:GIS) has entered into a definitive agreement to acquire TNT Crust, a manufacturer of frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. The financial terms of the deal were not disclosed.
  • TNT Crust is currently a portfolio company of Peak Rock Capital.
  • GIS expects the acquisition to complement its existing frozen baked goods portfolio. TNT Crust had net sales totaling approximately $100 million in 2021.
  • General Mills will also acquire two manufacturing facilities in Green Bay, Wisconsin, and one manufacturing facility in St. Charles, Missouri.
  • The transaction is expected to close in the first quarter of fiscal 2023.
  • GIS plans to fund the deal with cash on hand and short-term borrowings. It held $844.4 million in cash and equivalents as of February 27, 2022.
  • "This acquisition advances our Accelerate strategy and builds on our strong position in the fast-growing away-from-home frozen baked goods category," said Shawn O'Grady, Group President of North America Foodservice, General Mills.
  • Price Action: GIS shares are trading higher by 0.43% at $72.05 on the last check Wednesday.
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Worksport Acquires New York Manufacturing Facility For $8M
Worksport Ltd (NASDAQ:WKSP) subsidiary WKSP NY has acquired a manufacturing facility in New York for $8.125 million. The facility is 152,847 square feet…
22nd Century Group Acquires Privately-Held Cannabis & Hemp Co., Here's What's Next
22nd Century Group, Inc. (NASDAQ: XXII) announced the acquisition of privately held GVB Biopharma. GVB - a contract development and…
Pfizer Acquires This Migraine Drug Maker For $11B: What Investors Need To Know
Pfizer Inc (NYSE:PFE) will acquire Biohaven Pharmaceutical Holding Company Ltd (NYSE:BHVN) for $148.50 per share, equivalent to $11.6 billion.  Pfizer will also make payments at…
5 Consumer Staples Stocks to Protect Your Portfolio from Stagflation
Many experts believe that the Federal Reserve’s aggressive monetary policy to control surging inflation could push the economy into a…
One subscription that gives you access to news from hundreds of sites
Raymond James Says 'Supply Chain Challenges Made Q1 Messy' For This Medtech Stock
ICU Medical Inc (NASDAQ:ICUI) reported Q1 sales of $543.1 million vs. Raymond James' estimate of $530 million.  Core ICU beat by $7 million,…
Why Kornit Digital Shares Are Plunging Today
Kornit Digital Ltd (NASDAQ:KRNT) reported first-quarter revenue growth of 26% year-over-year to $83.3 million, missing the consensus of $87.81 million. Adjusted EPS…
Get all your news in one place