Press release article from our research archive:

General Mills and DuPont Sell 8th Continent Joint Venture to Stremicks Heritage Foods.

MINNEAPOLIS and WILMINGTON, Del., Feb. 11 /PRNewswire-FirstCall/ -- General Mills and DuPont today announced they sold their 8th Continent soy milk joint venture to Stremicks Heritage Foods, a branded specialty foods company. Terms of the agreement were not disclosed.

Conditions of the sale included a long-term supply agreement from Solae, a DuPont majority-owned joint venture, which has been supplying soy protein to 8th Continent. General Mills and DuPont created 8th Continent in 2000.

General Mills, with annual net sales of $12.4 billion, is a leading global manufacturer and marketer of consumer foods products. Based in Minneapolis, Min., General Mills' mission is ...

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