Kellogg Co., the maker of Frosted Flakes, Rice Krispies and Eggo, will break up into three three firms centered on cereals, snacks and plant-based meals.
Kellogg’s which additionally owns and MorningStar Farms, the plant-based meals maker, stated Tuesday that the spinoff of the but to be named cereal and plant-based meals firms ought to be accomplished by the top of subsequent 12 months.
The firm’s company headquarters will transfer from Battle Creek, Michigan, to Chicago, however it’s going to keep twin headquarters in each cities for its snack firm, which makes up about 80% of present gross sales. Kellogg’s three worldwide headquarters in Europe, Latin America, and AMEA will stay of their present areas.
Companies have begun to separate up at an accelerated tempo, together with General Electric, IBM and Johnson & Johnson, however such splits are extra uncommon for meals producers. The final main break up within the sector was in in 2012, when Kraft break up to create Mondelez.