Company expects the changes to deliver annual efficiency savings of about US$77.9 million.
Facility will be converted into a value-added processing plant focused initially on meat products.
Full-year profit edges down 1% amid weaker performance in the livestock segment
The deal grants exclusive brand licensing rights in Mainland China as General Mills continues restructuring its global Häagen-Dazs retail operations.
The Ministry of Agriculture opposed the deal, citing concerns related to food security.