General Mills announced it has acquired Brazilian yogurt manufacturer Carolina Administracao e Participacoes Societarias Ltda., a privately-held dairy products company headquartered in Ribeirao Claro, Parana, Brazil.
Established in 1969, Carolina is known throughout the southern and southeastern Brazil for its popular yogurt brands Carolina, VeryGurt and Gluck. The company markets more than 20 different dairy product lines and employs more than 390 people across the region. Terms of the transaction were not disclosed.