Grupo 3corações Completes Acquisition of Yoki and Kitano, Expanding Its Presence in Brazil’s Food Market

The transaction marks the beginning of joint operations with the two brands and further strengthens the Company’s position among Brazil’s leading food companies.

São Paulo, September 3, 2026 – Grupo 3corações, Brazil’s leading coffee company and one of the country’s largest food and beverage companies, has completed the acquisition of General Mills’ operations in Brazil, including the Yoki and Kitano brands. Announced in March 2026, the transaction has fulfilled all regulatory and contractual conditions, marking the beginning of a new and important chapter of growth for the Company.

With the acquisition, the Company significantly expands its industrial, logistics and commercial capabilities, bringing its workforce to approximately 12,700 employees and its presence to more than 600,000 points of sale across Brazil.

For decades, Yoki and Kitano have been part of the everyday lives of Brazilian consumers, and the two brands now join an even broader and more diverse portfolio. Yoki is a market leader in categories such as microwave popcorn, farofa and potato sticks, while also holding a strong position in flours, meal components and side dishes. Kitano, meanwhile, is one of Brazil’s most established brands in seasonings, herbs and spices. With these additions to its portfolio, Grupo 3corações will be able to serve an even wider range of consumption occasions for Brazilian consumers, further strengthening its position as an increasingly competitive player in the food industry.

“We are completing a highly significant acquisition in our history while, at the same time, beginning a new chapter. Yoki and Kitano are beloved brands that have been part of the everyday lives of millions of Brazilian families for decades. We embrace this legacy with great respect and with the responsibility of caring for these brands, for the people who build them every day, and for the trust they have established with consumers, while creating the conditions for them to continue growing,” said Pedro Lima, President of Grupo 3corações.

According to Lima, the addition of the two brands also accelerates the diversification journey that Grupo 3corações has pursued over the past several years.

“We were born from coffee, and it was through coffee that we built our relationship with millions of Brazilian families. Over time, we expanded into new categories and consumption occasions, and the arrival of Yoki and Kitano accelerates this journey. We are bringing together strong brands, talented people, expertise and complementary capabilities—an important step toward establishing ourselves as one of Brazil’s leading food companies,” Lima added.

The integration of the operations will prioritize business continuity while preserving the identity of Yoki and Kitano and the relationships the brands have built with consumers over the years. The process will follow the philosophy that has guided Grupo 3corações since its founding: valuing people as the foundation of the business. This foundation is complemented by the Group’s extensive commercial reach, distribution capabilities and deep knowledge of the Brazilian market, built over more than six decades of history.

As part of the transaction, Grupo 3corações will also incorporate the facilities and operations included in the agreement, including the administrative office in São Bernardo do Campo, São Paulo, and the manufacturing facilities in Pouso Alegre, Minas Gerais, and Campo Novo do Parecis, Mato Grosso. These additions further strengthen the Group’s industrial footprint across Brazil, bringing its total number of manufacturing facilities to 15.