• Kellogg to split into 3; snacks, cereals, plant-based food

    14 days ago - By Bésame

    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 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.
    Kellogg's had net sales of $14.2 billion in 2021, with $11.4 billion generated by its its snack division, which makes Cheez-Its, Pringles and Pop-Tarts, among other brands. Cereal accounted for another $2.4 billion in sales last year...
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