Kellogg to split into 3 companies

- Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three three companies focused on cereals, snacks and plant-based foods.

Kellogg’s which also owns MorningStar Farms, the plant-based food maker, said Tuesday that the spinoff of the yet to be named cereal and plant-based foods companies should be completed by the end of next year. 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 AMEA will remain in their current locations.

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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Starbucks head of North America business leaving companyRossann Williams, Starbucks’ North America president who’s been a prominent figure in the company’s push against worker unionization, is leaving the company after 17 years.
Source: ksatnews - 🏆 442. / 53 Read more »

Starbucks head of North America business leaving companyRossann Williams, Starbucks’ North America president who's been a prominent figure in the company's push against worker unionization, is leaving the company after 17 years.
Source: wjxt4 - 🏆 246. / 63 Read more »