General Mills

Food giants claim suppliers coordinated on sensitive pricing information and pushed costs for the sweetener to a record high.

Jeff Harmening said there is a “high bar” for acquisitions, but the food maker could consider additional divestitures.

General Mills, Mars and McKee Foods joined other food manufacturers and grocers in litigation that alleges top U.S. sugar producers colluded to inflate prices.

The cereal maker said it remains on track to remove artificial colors from the rest of its American retail portfolio by the end of 2027.

The launch from General Mills follows the success of Reese’s PB+J cups last year, while drive-thru coffee chain 7 Brew enters retail with a lineup of caffeinated drinks.

Mark Reilly manages news coverage at the Minneapolis/St. Paul Business Journal newsroom. He joined the Business Journal in 1999 and covered technology,...

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