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General Mills has announced it will close its pizza crust manufacturing facility in Missouri, US, as part of a multi-year initiative to increase the competitiveness of its supply chain.
In a stock exchange filing, the food giant revealed that management had approved the initiative on 25 September.
The restructuring efforts aim to consolidate capacity and improve the business’ cost structure. They involve the closure of the North America Foodservice pizza crust site, located in Missouri’s St Charles, alongside two pet food manufacturing sites in the US state.
The initiative will also include the consolidation of assets at other facilities, General Mills said in the filing. It expects to incur approximately $82 million of restructuring charges, including asset write-offs and severance costs.
FoodBev has approached General Mills for comment, and has requested confirmation of the number of jobs set to be impacted by the announcement.
The closures are currently expected to be completed by the end of fiscal year 2029.
