Core Points - General Mills is closing three manufacturing plants in Missouri to enhance supply chain competitiveness [1][2] - The closures include a pizza crust plant in St. Charles and two pet food plants in Joplin, acquired through a $1.45 billion purchase in 2024 [1][2] - Production at the Joplin plants will cease by July 2026, while the St. Charles facility is set to close by the end of June 2026 [4] Financial Impact - The closures are expected to incur approximately $82 million in restructuring charges, which includes around $64 million in asset write-offs and $18 million in severance and other costs [5] - About $49 million of these charges are anticipated to be recorded in the second quarter of fiscal year 2026 [6] - The restructuring process is expected to be completed by the end of fiscal year 2029 [6] Employee Transition - Most employees from the Whitebridge plants are likely to be offered positions at General Mills' existing Joplin sites, while TNT Pizza Crust workers will receive support for roles at other company locations [3]
General Mills to close pizza, pet food manufacturing plants in Missouri