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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 ...
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. Rowntree Mackintosh paid $215 million to acquire the company in a mutual agreement.
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 ...
General Mills (NYSE: GIS) Q1 2025 Earnings Call Sep 18, 2024, 9:00 a.m ... even more innovation relative to making pack size changes or marketing differently against the business in its current state?
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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 ...