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General Mills, Inc. is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in Minneapolis, the company originally gained fame for being a large flour miller. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis.
Today, the company markets many well-known North American brands, including Gold Medal flour, Annie's Homegrown, Lärabar, Cascadian Farm, Betty Crocker, Nature Valley, Totino's, Pillsbury, Old El Paso, Häagen-Dazs, as well as breakfast cereals under the General Mills name, including Cheerios, Wheaties, Chex, Lucky Charms, Trix, Cocoa Puffs, and the monster cereals.
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History of General Mills, Inc. – FundingUniverse
Explore the history, profile and timeline of General Mills, Inc.
fundinguniverse.com →Number One General Mills Boulevard Post Office Box 1113 Minneapolis, Minnesota 55440 U.S.A. Consumers choose General Mills because we offer competitively superior products and services. Employees choose General Mills because we reward innovation and superior performance and release their power to lead. Investors choose General Mills because we consistently deliver financial results in the top 10 percent of all major companies. Key Dates: Cadwallader Washburn, owner of Minneapolis Milling Company, opens the first flour mill in Minneapolis. John Crosby enters into partnership with Washburn, whose company is then renamed Washburn Crosby Company. Company wins gold medal at the first International Millers' Exhibition, leading to the later creation of the Gold Medal brand. Bell's son, James Ford, leads the creation of General Mills through the merger of Washburn Crosby with several other regional millers. Company enters the snack food sector with the purchase of Morton Foods. Company acquires Gorton's frozen seafood and several toy and game outfits--Rainbow Crafts, Kenner, and Parker Bros. Company moves into specialty retailing with purchases of Lacoste clothing and Monet Jewelry. Company divests its toy, fashion, and nonapparel retailing operations; Pop Secret microwave popcorn is introduced. Eddie Bauer and Talbot's are sold; Cereal Partners Worldwide, a joint venture with Nestlé S.A., is formed. The branded ready-to-eat cereal and snack mix businesses of Ralcorp Holdings, Inc. are acquired, including the Chex brand. Lloyd's Barbecue Company, Farmhouse Foods Company, and Gardetto's Bakery, Inc. are acquired. General Mills, Inc. is one of the leading breakfast cereal companies in the world, with such well-known brands as Cheerios, Chex, Cocoa Puffs, Kix, Total, Trix, and Wheaties stocking the shelves of supermarkets everywhere. In addition to its breakfast cereal products, the company includes some of the best names in other food lines such as Gold Medal flour, Bisquick baking mixes, Betty Crocker dessert mixes, Hamburger Helper dinner mixes, Yoplait yogurt, Pop Secret microwave popcorn, and Nature Valley granola bars. General Mills markets its products in more than 90 countries worldwide, with much of this activity stemming from two joint ventures: a 50--50 enterprise with Nestlé S.A. called Cereal Partners Worldwide, which makes and sells ready-to-eat cereals outside North America; and Snack Ventures Europe, a venture with PepsiCo, Inc. 40.5 percent owned by General Mills, which makes and markets snack foods in continental Europe. General Mills is also active outside the grocery sector through its foodservice unit, which markets products under the company's various brands to educational, hospitality, and healthcare institutions, convenience stores, and vending machine operators. General Mills was incorporated in 1928, but its origins go back to 1866, when Cadwallader Washburn opened the first flour mill in Minneapolis, Minnesota. His business, originally called the Minneapolis Milling Company, competed with local miller C.A. Pillsbury. In 1869 they joined forces to form the Minneapolis Millers Association. Pillsbury and Washburn both wanted to find a way to make Midwestern winter wheat into a higher grade of flour. Eventually, with the help of a French engineer, Washburn not only improved the method but also made his product the best flour available in the United States. When Pillsbury adopted the same technique, Minneapolis became the country's flour milling center. When John Crosby entered into partnership with Washburn in 1877, the Minneapolis Milling Company was renamed Washburn Crosby Company. The following year the Minneapolis Millers Association was reorganized to appease farmers who found its business practices unfair. In 1880 Washburn Crosby flours were awarded the gold, silver, and bronze medals at the first International Miller's Exhibition in Cincinnati, Ohio; the company soon changed the name of its be
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