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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 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. ... The $128 billion of goodwill in this case was created when AOL and Time Warner merged in ...
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.
General Mills revives a long-discontinued cereal called Twinkles from the 1960s, plus introducing a new 'Friends' themed cereal. ... No. 6 Ohio State routs top-ranked Oregon 41-21 in the Rose Bowl ...
The company's organic growth was very strong
General Mills stockholders received one share of Darden for every common share of General Mills held. General Mills restaurants had $108 million net income in that year. At the end of 1995, Darden operated 1,250 restaurants in 49 states with 73 locations in Canada. [6] Darden Restaurants was spun off from General Mills beginning on May 9, 1995 ...