Yoki
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Strauss completed the acquisition of a food manufacturer in Brazil – the consideration was reduced by 20%
Strauss, through its joint venture 3corações, has finalized the acquisition of Brazilian food producer Yoki. The final transaction value reached 642 million reals, 20% lower than the initial estimate.
Strauss's 475 Million Shekel Acquisition of Food Company Yoki Approved
The Brazilian competition authority has approved Strauss's acquisition of the food company from General Mills. Yoki is one of the most prominent food companies in Brazil, with annual sales estimated at approximately 1.2 billion shekels at the time of the deal's announcement in March.
Strauss Nears Major Deal: Acquiring Food Business for 475 Million Shekels
Brazil's antitrust authority has approved the deal in which a subsidiary of Strauss's joint venture will acquire General Mills' operations in the country, including the Yoki and Kitano brands. The deal is expected to reach its final stage in early September.