The sale is expected to be completed in March 2011.
The sale includes the business and a production facility in Bendigo. About 75 people at the facility will become part of General Mills when the sale is completed. Terms of the sale were not disclosed.
In addition to Latina, General Mills also markets Old El Paso Mexican food, Betty Crocker cake mixes and Nature Valley muesli bars, which were introduced last April.
Source: General Mills
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