Set to close in the third quarter of fiscal 2025, the transaction marks the fifth acquisition General Mills has announced or completed in the pet category.
Lantmännen will invest more than €100 million ($105.38 million) in a factory in Sweden, while partnering with Ingredion to develop a differentiated portfolio of plant-based protein isolates based on yellow peas.
The grants will support collaborative efforts from Oregon State University and Rutgers University with local farmers, producers and distributors to advance sustainability and efficiency in the hazelnut industry.
Prior to joining the Drives group, Burnside was vice president of sales and marketing at Yaskawa America’s Motoman Robotics Division, where he led robot business growth in sales, profitability and market share since 2017.