00:00General Mills closes Missouri factories, an $82 million shutdown wave.
00:06General Mills will close three Missouri plants by mid-2026, shifting production elsewhere.
00:12The move affects St. Charles and Joplin facilities and carries $82 million restructuring charges.
00:20The shutdown covers TNT Pizza Crust in St. Charles and two Whitebridge Pet Brand sites in Joplin,
00:25with closures set for June and July 2026, marking a major operational transition.
00:32After buying Whitebridge for $1.45 billion in 2024 and TNT in 2022,
00:39we are restructuring to improve efficiency and supply chain competitiveness,
00:43said spokesperson Molly Wolfe in October 2025.
00:48General Mills expects $82 million in restructuring costs,
00:51including $64 million in asset write-offs and $18 million in severance,
00:57nearly $49 million falls in fiscal 2026's second quarter.
01:02Whitebridge workers will be offered roles at other Joplin sites.
01:05TNT staff will receive network support,
01:08and Wolfe said the company is committed to helping affected employees through the transition.
01:12General Mills said production will move to other plants without naming locations,
01:17consolidating operations for efficiency and cost savings,
01:20while reflecting shifts affecting food industry.
01:23Food and beverage companies seeking savings amid consumer pullback from inflation and economic anxiety,
01:28Food Dive reported, as PepsiCo, Conagra, and Post Holdings make cutbacks.
01:34General Mills is closing plants, shutting its in-house R&D,
01:38and pausing 301 Inc. investments,
01:41consolidating Missouri assets for efficiency,
01:44supply chain competitiveness, and to reshape manufacturing.
01:47General Mills will close Joplin Whitebridge Pet Brands and St. Charles TNT Pizza Crust plants,
01:54restructuring costs through fiscal 2029, as production ends summer 2026.
02:00General Mills said plant closures boosts supply chain competitiveness.
02:04U.S. Securities and Exchange Commission filing site efficiency,
02:08with $82 million restructuring costs accounted through 2029.
02:11Joplin closures impact General Mills' Whitebridge Pet Brands operations,
02:16while St. Charles TNT Pizza Crust shutdown consolidates manufacturing,
02:21signaling realignment toward fewer cost-effective facilities.
02:25Production at these locations will transition to other facilities,
02:29Wolf reiterated,
02:30as General Mills assures product availability will continue during the shift.
02:33The company expects $100 million in fiscal year 2026 savings from these initiatives,
02:40once fully implemented by 2029.
02:43Plant closures signal a strategic shift towards supply chain efficiency,
02:47with $82 million aimed at long-term competitiveness,
02:50as Missouri shutdowns highlight market pressures reshaping priorities.
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