Kellogg to split into 3 companies

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Kellogg Company said that it would split its North American cereal and plant-based foods businesses into three independent companies, expanding profit margins.

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The three companies, which are being separated via tax-free spin-offs – include "Global Snacking Co.," "North America Cereal Co." and "Plant Co." The names of the companies will be determined at a later date. Nearly 60% of its net sales come from global snacks, less than a quarter come from cereal in international markets, approximately 10% come from noodles in Africa and less than 10% from frozen breakfast and the Eggo brand. would expand profit margins and is expected to be a higher-growth company than the current company, still under the leadership of CEO Steve Cahillane.

Kellogg's Corn Flakes owned by Kellogg Company is seen for sale at a store in Queens, New York City, U.S., February 7, 2022.

 

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