Kellogg to split into three separate companies

Kellogg said its US, Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20 per cent of its net sales in 2021, while the remaining business accounted for about 80 per cent of sales.

Kellogg's Corn Flakes owned by Kellogg Company is seen for sale at a store in Queens, New York City, U.S., February 7, 2022.(Photo: Reuters)

Kellogg said on Tuesday it was splitting itself into three separate companies, with a focus on snacking, North American cereal and plant-based businesses.

Shares of company jumped 7% in pre-market trading.

Kellogg said its U.S., Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20% of its net sales in 2021, while the remaining business accounted for about 80% of sales.

TAGS:

Kellogg
Kellogg's
Kellogg's corn flakes
Kellogg separation
North American cereal
plant-based businesses

Kellogg to split into three separate companies

Kellogg said its US, Canadian, and Caribbean cereal and plant-based divisions collectively represented about 20 per cent of its net sales in 2021, while the remaining business accounted for about 80 per cent of sales.

BT TV