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Yoki nears sale

This article was originally published in Foodnews

THE owner of Brazil’s renowned food and beverages company Yoki is in advanced negotiations on a takeover by General Mills, according to press reports in Brazil. Yoki founder Yoshizo Kitano is reportedly offering to sell the company for around BRL2.0 billion (USD1.1 billion) because of a lack of a clear successor and a family rift. The US company is expected to seal the deal that would allow it take control over the Brazilian company renowned for its microwave popcorn products, MaisVita juices, Yokitos salty snacks and Kitano seasonings. General Mills departed the Brazilian market in 2009 after selling its Forno de Minas outfit to the original founders.

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