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General Mills itself was created on June 20, 1928, [8] when Washburn-Crosby President James Ford Bell merged Washburn-Crosby with three other mills. [9] In the same year, General Mills acquired the Wichita Mill and Elevator Company of the industrialist Frank Kell of Wichita Falls , Texas .
The brand is owned by General Mills. Pillsbury acquired it in 1995, when its then-parent company Grand Metropolitan bought Pet, Inc., which had itself taken over the brand in 1968 from the Mountain Pass Canning Company. [1] The name is a reference to the city of El Paso, Texas, and the historical "Old" period when Texas was a part of Mexico.
In 1966, General Mills acquired Tom's for $75 million, and changed the name to "Tom's Foods". In the 1970s, General Mills attempted to launch Tom's chips into national supermarkets and branched off a new vending office snack service. By 1983, Tom's had changed ownership again.
In 1979, Ogden Corporation bought Progresso for $35 million. [3] In 1986 Ogden Foods was sold to Pet, Inc. for $320 million. [4] In 1995, Pet, Inc. was acquired by the Pillsbury Company, then a subsidiary of Grand Metropolitan. [5] General Mills acquired Pillsbury in 2001. [6] A can of "Steak and Roasted Russet Potatoes" ready to be heated on ...
General Mills (NYS: GIS) carries $12.9 billion of goodwill and other intangibles on its balance sheet. Sometimes goodwill, especially when it's excessive, can foreshadow problems down the road.
General Mills revives a long-discontinued cereal called Twinkles from the 1960s, plus introducing a new 'Friends' themed cereal. ... Its name, 'The One With The Vanilla Bean Latte,' also winks at ...
The company's organic growth was very strong
After General Mills sold the chain, a limited number of York Steak Houses continued to operate for several years as independent restaurants. As of 2017, only one restaurant is known to remain in operation using the York name, in Columbus, Ohio, near the now-demolished Westland Mall. This location became an independently-owned franchised ...