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Kellogg Plans to Separate Into Three Independent Companies (1)

June 21, 2022, 11:09 AM

Kellogg said the board has approved a plan to separate its North American cereal and plant-based foods businesses, via tax-free spin-offs, resulting in three independent public companies.

  • The three companies, whose names will be determined at a later date, would be the following:
    • “Global Snacking Co.”, with about $11.4 billion in net sales, will focus on global snacking, international cereal and noodles and North America frozen breakfast
    • “North America Cereal Co.”, with about $2.4 billion in net sales, will focus on cereal in the U.S., Canada and Caribbean
    • “Plant Co.”, with about $340 million in net sales, will be a ...