Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods.
"These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities," Kellogg CEO Steve Cahillane said in a statement."In turn, each business is expected to create more value for all stakeholders, and each is well positioned to build a new era of innovation and growth."
The company's corporate headquarters will move from Battle Creek, Michigan, to Chicago, but it will maintain dual headquarters in both cities for its snack company, which makes up about 80% of current sales. Kellogg's three international headquarters in Europe, Latin America and Asia and the Middle East will remain in their current locations.
So that’s why they are burning down all those food plants
What if they were to take corn and make it flat and crispy? Could be good. Maybe even frost them with some sugar.
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kellogg to split into 3 companiesThe spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year, the company said.
Read more »
Kellogg to Split Into Three Independent CompaniesKellogg, the maker of Frosted Flakes, Froot Loops and Eggo, announced Tuesday that it plans to split into three independent companies
Read more »
Chicago-based snack food giant Mondelez, maker of Oreo and Ritz, will acquire Clif Bar & Company for $2.9 billionChicago-based snack food giant Mondelez International said it has agreed to acquire Clif Bar & Company, the California-based maker of Clif, Clif Kid and Luna brand energy bars. They should work on agreeing to not run over children first Nice. Those bars needed much more high fructose corn syrup and now they will get it.
Read more »