Pillsbury is owned by General Mills (the United States, NYSE: GIS), which acquired the brand on 31 October 2001 for $10.5 billion from Diageo.[1][2] Before General Mills, Pillsbury was owned by Diageo from 1989 to 2001.[2]
Pillsbury was a rival Minneapolis flour miller founded in 1872, whose refrigerated dough business and Doughboy mascot made it a fixture of American baking. General Mills acquired it from Diageo in 2001 after selling Pillsbury's dessert business to International Multifoods to satisfy regulators.
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General Mills bought Pillsbury from Diageo, roughly doubling its size. The Federal Trade Commission required the divestiture of Pillsbury's dessert and specialty products business to International Multifoods before clearing the deal.
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The parent company of Pillsbury is General Mills, a publicly listed company headquartered in the United States.
Yes. Pillsbury originated in the United States in 1872 and its owner, General Mills, is also headquartered in the United States.
General Mills completed its acquisition of Pillsbury on 31 October 2001, after announcing the deal on 17 July 2000. The deal was valued at $10.5 billion (enterprise value).
Before General Mills, Pillsbury was owned by Diageo from 1989 until 2001.
Yes. As of 16 September 2026, Pillsbury is still owned by General Mills. The ownership record was last checked against primary sources on that date.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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