NEW YORK Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods.
Kellogg’s had net sales of $14.2 billion in 2021, with $11.4 billion generated by its its snack division. Cereal accounted for another $2.4 billion in sales last year while plant-based sales totaled around $340 million. Cahillane will become chairman and CEO of the global snacking company. The management team of the cereal company will be named later. The board of directors has approved the spin-offs.
Big-name companies have begun to split up at an accelerated pace, including General Electric, IBM and Johnson & Johnson, but such splits are more rare for food producers. The last major split in the sector was in in 2012, when Kraft split to create Mondelez.
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Kellogg to Split into 3 Companies; Corporate HQ for High-Growth Snacks Company Coming to ChicagoThe cereal and plant-based meat companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company will be headquartered in Chicago with a campus in Battle Creek, Michigan.
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Kellogg to Split into 3 Companies; Corporate HQ for High-Growth Snacks Company Coming to ChicagoThe cereal and plant-based meat companies will remain headquartered in Battle Creek, Michigan, where Kellogg was founded in 1906. The snack company will be headquartered in Chicago with a campus in Battle Creek, Michigan.
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Kellogg Co. will split into three companies, with snack headquarters in ChicagoKellogg Company will spin itself off into three separate companies focused on cereal, plant-based foods and snacks.
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Kellogg to split into three companies, with snack division headquarters in ChicagoThe snack company – which accounts for 80% of Kellogg's current sales – will have dual campuses in Battle Creek and Chicago, with its headquarters in Chicago.
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Kellogg to split into 3 companiesKellogg 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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Kellogg to split into 3 companies: snacks, cereals, plant-based foodBreaking up food giant could help it boost growth in faster-growing segments, including plant-based foods. What if they were to take corn and make it flat and crispy? Could be good. Maybe even frost them with some sugar. So that’s why they are burning down all those food plants
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