General Mills Gives More Funding to Vegan Dairy Maker
- Company sees growth in almond-based products of Kite Hill
- Investment of $40 million to help Kite Hill expand factories
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General Mills Inc. is boosting its bet on nutritious products, leading an additional $40 million of funding for the dairy-free cheese-and-yogurt maker Kite Hill.
The investment, led by the cereal maker’s venture capital arm 301 Inc., will allow Kite Hill to expand factory capacity, Kite Hill Chief Executive Officer Rob Leibowitz said.