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General Mills to Acquire Annie's Homegrown Organics.


General Mills, a company that owns Pillsbury, Cheerios, Haagen-Dazs and Nature Valley has pushed back against GMO labeling legislation at the state level. Supporters of Annie's Homegrown Organics are concerned that a buy-out by such a corporation will result in a lower quality of food. Annie's assured their fans that the market for healthy organic food is only growing. John Foraker, the chief executive of Annie's, said "Partnering with a company of General Mills' scale and resources will strengthen our position at the forefront of this trend."

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