General Mills to close 3 Missouri plants as part of supply chain restructuring

Core Insights - General Mills is closing three manufacturing plants in Missouri to enhance supply chain competitiveness [1][2] - The closures include a pizza crust facility in St. Charles and two pet food locations in Joplin, part of a $1.45 billion acquisition of Whitebridge Pet Brands [2] - The company anticipates $82 million in restructuring charges and expects $43 million in asset write-offs along with $6 million in other costs for the second quarter of fiscal 2026 [2][4] Company Actions - The closures are part of a multiyear organizational initiative aimed at improving structure and achieving $100 million in savings [2][3] - General Mills has previously announced job cuts and the closure of its G-Works innovation unit, along with a pause on outside investments by its venture capital arm 301 Inc. [3] - The company is consolidating assets at other facilities as part of its restructuring efforts [2] Industry Context - Food and beverage companies, including General Mills, are seeking ways to reduce costs and improve margins amid consumer spending declines due to inflation and economic concerns [4] - Other major companies in the industry, such as PepsiCo, Conagra Brands, and Post Holdings, have also announced plant closures and job cuts this year [4]