Public | |
Traded as | : GIS S&P 500 Component |
Industry | Food processing |
Founded | June 20, 1856 Minneapolis, Minnesota, U.S. |
Founders | Cadwallader C. Washburn, John Crosby, James Ford Bell |
Headquarters | Golden Valley, Minnesota, United States |
Area served
|
Worldwide |
Key people
|
Kendall J. Powell (Chairman and CEO) |
Products | Baking mixes, breakfast cereals, yogurt, refrigerated dough, soup, pizza, snack foods, ice cream, soy products, vegetables, flour, and other food products |
Revenue | US$ 16.6 billion (FY 2016) |
US$ 2.7 billion (FY 2016) | |
Profit | US$ 1.7 billion (FY 2016) |
Total assets | US$ 21.7 billion (FY 2016) |
Total equity | US$ 4.9 billion (FY 2016) |
Number of employees
|
39,000 (2014) |
Website | www |
General Mills, Inc., is an American multinational manufacturer and marketer of branded consumer foods sold through retail stores. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. The company markets many well-known North American brands, such as Annie's Homegrown, Betty Crocker, Yoplait, Colombo, Totino's, Pillsbury, Old El Paso, Häagen-Dazs, Cheerios, Trix, Cocoa Puffs, and Lucky Charms. Its brand portfolio includes more than 89 other leading U.S. brands and numerous category leaders around the world.
The company can trace its history to the Minneapolis Milling Company, incorporated in 1856. The company was founded by Illinois Congressman Robert Smith, who leased power rights to mills operating along the west side of Saint Anthony Falls on the Mississippi River in Minneapolis, Minnesota. Cadwallader C. Washburn acquired the company shortly after its founding and hired his brother William D. Washburn to assist in the company's development. In 1866 the Washburns got into the business themselves, building the Washburn "B" Mill at the falls. At the time, the building was considered to be so large and output so vast that it could not possibly sustain itself. However, the company succeeded, and in 1874 he built the even bigger Washburn "A" Mill.