Who Owns Annie's?
Annie's is owned by General Mills, a publicly traded American multinational food corporation. General Mills acquired Annie's Homegrown in 2014 for approximately $820 million. The brand is headquartered in Minneapolis, Minnesota, USA.
Parent Company
General Mills, Inc.
Acquired
2014
Status
Publicly Traded
Headquarters
Minneapolis, Minnesota, USA
Who Owns Annie's?
- Parent Company: General Mills, Inc.
- Ownership Type: Subsidiary
- Acquisition Year: 2014
- Company Type: Publicly Traded
- Stock Ticker: NYSE: GIS
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Annie's | General Mills, Inc. | Subsidiary |
History of Annie's
- Founded: 1989
- Founders: Ann Withey, Andrew Martin
- Acquired by General Mills, Inc.: 2014
Annie's Homegrown was founded in 1989 by Ann Withey and Andrew Martin in Hampton, Connecticut. The company started with a single product: Annie's Macaroni and Cheese, made with organic pasta and real cheese. The brand distinguished itself with a purple box and a rabbit mascot named Bernie, appealing to health-conscious consumers and parents looking for natural alternatives to processed foods. This founding vision was revolutionary in the food industry, demonstrating that organic and natural foods could be both delicious and appealing to mainstream consumers while maintaining high quality standards and ethical sourcing practices.
The company grew steadily throughout the 1990s and 2000s, expanding into organic snacks, crackers, fruit snacks, and baking mixes. Annie's maintained its commitment to using organic and natural ingredients while building a loyal customer base among health-conscious consumers. The brand's expansion reflected growing consumer interest in organic and natural foods during this period, showcasing Annie's ability to identify and capitalize on emerging market trends while maintaining its core values and product quality standards. This steady growth demonstrated the brand's appeal to consumers seeking healthier alternatives without sacrificing taste or convenience.
Annie's went public in March 2012, trading on the NYSE under the ticker BNNY. The initial public offering raised approximately $86 million and valued the company at $330 million. The public listing provided capital for further expansion and product development while maintaining the company's commitment to organic and natural food principles. This successful IPO demonstrated investor confidence in the growing organic food market and Annie's position as a leader in the natural and organic foods segment, validating the company's business model and growth strategy.
In September 2014, General Mills acquired Annie's for $46 per share, totaling approximately $820 million. The acquisition gave General Mills a strong foothold in the fast-growing organic and natural food market, which was experiencing double-digit growth while traditional packaged foods stagnated. The acquisition was seen as a strategic move by General Mills to capitalize on changing consumer preferences toward healthier and more transparent food options. This acquisition demonstrated General Mills' recognition of the strategic importance of the organic and natural foods segment and its willingness to invest in brands that could help the company adapt to changing consumer preferences and market dynamics.
Under General Mills' ownership, Annie's has continued to expand its product line while maintaining its organic and natural positioning. The brand has benefited from General Mills' extensive distribution network and resources while preserving its authentic brand identity and commitment to quality ingredients. This successful integration demonstrates how large food corporations can acquire and scale successful niche brands while maintaining their distinctive positioning and appeal, showcasing General Mills' ability to balance corporate efficiency with brand authenticity and consumer trust.
About General Mills, Inc.
What does General Mills own?
General Mills owns a portfolio of consumer food brands including Cheerios, Lucky Charms, Wheaties, Cinnamon Toast Crunch, Betty Crocker, Pillsbury, Haagen-Dazs, Nature Valley, Yoplait, Totino's, Old El Paso, Annie's, and Blue Buffalo pet food. The company operates in more than 100 countries and sells products across breakfast cereals, snacks, baking, frozen foods, yogurt, and pet food categories.
Is General Mills publicly traded?
Yes, General Mills, Inc. is listed on the New York Stock Exchange under ticker GIS. The company has been publicly traded for decades and has paid dividends continuously for more than 125 years. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. General Mills has no single controlling shareholder.
Who founded General Mills?
General Mills was formed in 1928 through the merger of Washburn-Crosby Company and several other flour milling companies. Washburn-Crosby Company was founded in 1866 by Cadwallader Washburn and John Crosby in Minneapolis, Minnesota. James Ford Bell led the 1928 merger that created General Mills. The company's origins in flour milling trace to the 1860s, making it one of the oldest consumer food companies in the United States.
Where is General Mills headquartered?
General Mills is headquartered in Minneapolis, Minnesota, USA. The company has maintained its headquarters in the Minneapolis area since its founding, reflecting the city's historical importance as a center of flour milling and food processing. General Mills operates manufacturing facilities across the United States, Canada, Europe, Latin America, Asia Pacific, and other regions.
How many brands does General Mills own?
General Mills owns more than 100 consumer food brands across breakfast cereals, snacks, baking products, frozen foods, yogurt, and pet food. Key brands include Cheerios, Betty Crocker, Pillsbury, Haagen-Dazs, Nature Valley, Yoplait, Lucky Charms, Totino's, Old El Paso, Annie's, and Blue Buffalo. The company sells products in more than 100 countries worldwide.
Who owns General Mills?
General Mills, Inc. is publicly traded on the NYSE with a broad institutional and retail shareholder base. No single shareholder holds a controlling stake. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. Jeff Harmening serves as Chairman and CEO. General Mills has no founding family or private equity controlling shareholder.
- Founded: 1928
- Headquarters: Minneapolis, Minnesota, USA
- Company Type: Publicly Traded
- Stock: NYSE: GIS
- Revenue: approximately $19.0 billion (FY2025, ended May 2025)
- Employees: Approximately 34,000
Where Is Annie's Made / Based?
- Headquarters: Minneapolis, Minnesota, USA
- Manufacturing / Operations: United States
Annie's Sustainability & Ethics
Annie's sustainability and ethical practices are integrated within General Mills' comprehensive corporate responsibility framework, while maintaining the brand's original commitment to organic ingredients, sustainable agriculture, and ethical business practices. As part of General Mills' organic and natural foods portfolio, Annie's contributes to the company's broader sustainability goals while addressing specific challenges in the organic food industry.
Organic Agriculture and Sustainable Farming: Annie's maintains strong commitments to organic agriculture, supporting farmers who use sustainable farming practices that promote soil health, biodiversity, and reduced chemical inputs. The company works with organic farmers to develop long-term partnerships, providing technical support and fair pricing to encourage the transition to organic farming practices. Annie's has implemented programs to help farmers obtain and maintain organic certification, reducing barriers to entry for sustainable agriculture.
Ingredient Sourcing and Supply Chain Ethics: Annie's maintains comprehensive supply chain standards for organic ingredients, ensuring fair labor practices, environmental protection, and quality control throughout its supply chain. The company works with suppliers who meet strict organic certification requirements and implements regular audits to verify compliance with organic standards and ethical business practices. Annie's has established traceability systems to track ingredients from farm to finished product.
Environmental Sustainability Initiatives: Annie's participates in General Mills' environmental sustainability programs, including goals to reduce greenhouse gas emissions, water usage, and waste in manufacturing operations. The company has implemented energy efficiency improvements in production facilities, reduced packaging waste through lightweight packaging initiatives, and increased the use of recycled materials in packaging. Annie's has also focused on reducing food waste through better inventory management and donation programs.
Packaging Sustainability: Annie's has made significant progress in sustainable packaging, including the use of recycled content in packaging materials, elimination of unnecessary packaging components, and exploration of compostable packaging options. The company has implemented packaging design innovations that reduce material usage while maintaining product quality and safety. Annie's also participates in General Mills' broader packaging sustainability initiatives.
Community Engagement and Social Responsibility: Annie's maintains community programs focused on children's nutrition education, school garden initiatives, and support for organic farming communities. The company has partnered with educational organizations to promote healthy eating habits and sustainable agriculture awareness among children and families. Annie's also supports local food banks and hunger relief programs with product donations.
Product Transparency and Consumer Education: Annie's maintains comprehensive product transparency, providing detailed information about ingredients, sourcing practices, and nutritional content. The company educates consumers about organic agriculture, sustainable farming practices, and the benefits of organic foods through packaging information, website content, and educational campaigns.
Animal Welfare Standards: For products containing animal-derived ingredients, Annie's maintains strict animal welfare standards, working with suppliers who provide humane living conditions, access to outdoor areas, and avoid unnecessary antibiotics and hormones. The company has implemented animal welfare auditing programs and works with suppliers to continuously improve animal welfare practices.
Fair Trade and Ethical Sourcing: Annie's has expanded its use of fair trade certified ingredients, particularly for cocoa, sugar, and other commodities commonly associated with labor and environmental concerns. The company works with fair trade organizations to ensure fair prices for farmers and ethical labor practices in agricultural supply chains.
Climate Action and Carbon Reduction: Annie's participates in General Mills' climate action initiatives, including efforts to reduce carbon emissions in agriculture, manufacturing, and transportation. The company has implemented programs to support regenerative agriculture practices that sequester carbon in soil, reduce greenhouse gas emissions, and improve farm resilience to climate change.
Awards & Recognition
Annie's has received significant recognition for its pioneering role in the organic food industry, product quality, and commitment to sustainable agriculture, though the brand has also faced some criticism following its acquisition by General Mills.
Organic Industry Leadership Awards: Annie's has received numerous awards from organic industry organizations for its pioneering role in making organic foods accessible to mainstream consumers. The brand has been recognized for expanding the organic food market, developing innovative organic products, and maintaining high standards for organic certification and quality.
Product Quality and Taste Awards: Annie's products have received recognition from food publications and consumer organizations for taste, quality, and innovation in organic food products. The brand's macaroni and cheese, fruit snacks, and other products have won awards for successfully combining organic ingredients with appealing flavors that compete with conventional products.
Sustainability and Environmental Recognition: Annie's has received awards for its sustainability initiatives, particularly in organic agriculture support, sustainable packaging, and environmental leadership in the food industry. The company has been acknowledged for its role in promoting sustainable farming practices and reducing environmental impact in food production.
Business Ethics and Corporate Responsibility Awards: Annie's has been recognized for ethical business practices, corporate social responsibility, and commitment to values-driven business operations. The brand has received awards for maintaining its founding principles while growing as part of a larger corporation.
Children's Nutrition and Education Awards: Annie's has received recognition for its contributions to children's nutrition education, school programs, and healthy eating initiatives. The company's educational programs and partnerships with schools have been acknowledged for promoting nutrition awareness and healthy food choices among children.
Innovation in Organic Food Processing: Annie's has received awards for innovation in organic food processing, product development, and maintaining quality while using organic ingredients. The company has been recognized for technical achievements in organic food manufacturing and product formulation.
Community Impact Recognition: Annie's has received awards for its community engagement programs, including support for organic farming communities, school garden initiatives, and local food system development. The company's community contributions have been acknowledged by local and national organizations.
Consumer Choice Awards: Annie's products consistently receive high ratings and awards from consumer publications and parent organizations for quality, taste, and value in the organic and natural foods category. The brand's ability to appeal to both health-conscious consumers and families seeking convenient organic options has been widely recognized.
Acquisition Integration Recognition: Following its acquisition by General Mills, Annie's has been recognized for successfully maintaining its brand identity and organic commitments while leveraging General Mills' resources for growth and distribution.
Annie's Recalls & Controversies
Annie's has faced several controversies and challenges throughout its history, particularly regarding its acquisition by General Mills, product recalls, and questions about maintaining organic standards within a large corporation.
General Mills Acquisition Controversy (2014): The acquisition of Annie's by General Mills for $820 million in 2014 faced significant criticism from organic food advocates and some consumers. Critics expressed concerns that a large conventional food corporation might compromise Annie's commitment to organic standards, sustainable practices, and independent business values. Some loyal customers threatened to boycott the brand following the acquisition, though General Mills pledged to maintain Annie's organic standards and independent operations.
Organic Standards and Certification Concerns: Following the acquisition, some organic food advocates questioned whether Annie's could maintain its high organic standards as part of General Mills. Concerns were raised about potential pressure to compromise on organic ingredients or certification requirements to achieve cost savings or increase production volumes. These concerns led to increased scrutiny of Annie's sourcing practices and certification compliance.
Product Recalls and Quality Issues: Annie's has faced occasional product recalls related to quality control issues, undeclared allergens, or contamination concerns. While these recalls have been relatively limited, they have affected consumer trust and required improvements in quality control and supply chain management systems.
Pricing and Accessibility Criticism: Some consumers have criticized Annie's for premium pricing that makes organic products less accessible to low-income families. The brand has faced questions about whether its pricing strategy aligns with its mission to make organic foods more widely available and affordable.
Supply Chain and Sourcing Challenges: Annie's has faced challenges related to sourcing sufficient quantities of organic ingredients to meet growing demand, particularly during periods of rapid expansion. These sourcing challenges have sometimes led to product shortages or the need to find new organic suppliers, raising questions about supply chain reliability.
"Natural" vs "Organic" Marketing Confusion: Annie's has faced criticism for marketing some products as "natural" rather than "organic," leading to confusion among consumers about the differences between these terms and potentially misleading marketing claims. Some consumer advocates have called for clearer labeling and marketing practices.
Competition from Store Brands: As organic foods became more mainstream, Annie's faced increased competition from private label organic products and store brands that offered similar products at lower prices. This competition has created challenges for market share and pricing strategies.
Environmental Impact of Packaged Foods: Despite its organic commitments, Annie's has faced criticism regarding the environmental impact of its packaged food products, particularly regarding packaging waste and the carbon footprint of processed food manufacturing and distribution.
Corporate Independence Concerns: Some stakeholders have questioned whether Annie's can maintain its corporate culture and values as part of General Mills, particularly regarding decision-making autonomy, product development priorities, and commitment to organic agriculture advocacy.
Transparency and Communication Issues: Annie's has occasionally faced criticism regarding communication about sourcing practices, ingredient changes, or business decisions. Some consumers have called for greater transparency about how General Mills ownership affects product formulation and business practices.
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Annie's Ownership: Pros & Cons
Advantages
- +Access to General Mills' extensive distribution and retail network
- +Significant R&D resources for product development and innovation
- +Financial stability provided by a major food corporation
- +Maintained organic and natural brand positioning post-acquisition
- +Expanded product line under corporate ownership
Considerations
- -Some consumers question authenticity of organic brands under corporate ownership
- -Potential for ingredient or sourcing changes driven by cost optimization
- -Brand identity may evolve to fit corporate portfolio strategy
- -Loss of independent decision-making and founder-led culture
- -Premium pricing may face pressure from corporate cost targets
Frequently Asked Questions About Annie's
Sources & Further Reading
Where to Buy
Disclosure: We may earn commission from purchasesCompetitors to Annie's
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| Wonderful Company | USA | 1996 | Premium | Global | All-ages | |
| Pepsico | USA | 1961 | Mass market | United states | All-ages |
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Competitive Analysis
Market Positioning: Annie's competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
General Mills, Inc. Stock Information
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