Kellogg to split into three companies, with snack division headquarters in Chicago

Kellogg's three international headquarters in Europe, Latin America, and AMEA will remain in their current locations.

Kellogg has been sharpening its focus on snacks for years. In 2019, the company sold its cookie, pie crust, ice cream cone and fruit business to the Ferraro Group. 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.

Mondelez made its own big play in the snack business on Monday, when it announced it will acquire Clif Bar & Co., a major energy bar company. The $2.9 billion deal is expected to close in the third quarter. This is a particularly perilous time in the food industry due to rising costs, both for labor and for material. Russia's invasion of Ukraine has pushed grain prices higher and this month, the U.S. reported that inflation is hitting

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Kellogg is spinning off its cereal businessKellogg is splitting into three different companies in a major shakeup for the 116-year-old company. No doubt not to help their workers or consumers. My house is 113 years old..... Built 1909...still original. Well done Kelloggs... Best cereal Snap, Crackle and Pop
Источник: CNN - 🏆 4. / 95 Прочитайте больше »

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.
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »

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
Источник: NBCPhiladelphia - 🏆 569. / 51 Прочитайте больше »

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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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.
Источник: wsfa12news - 🏆 338. / 59 Прочитайте больше »