Why the Split?
- Kellogg’s® made the decision to split to boost performance and unlock full value for all.
- The move created Kellanova, a global snacking powerhouse, and WK Kellogg Co, a top food company in the U.S., Canada, and the Caribbean.
- Both companies now focus on their own strategic priorities and markets.
- We gain more agility and can use resources more effectively.
- Unique corporate cultures will grow as we build on our longstanding K values.
Over the past several years, we have worked to transform our portfolio, boost performance, and deliver more value for all. Spinning off our North American cereal business was the next step. The split allows us to create two powerful companies. Kellanova stands as a global snacking leader with a major spot in international cereal, noodles, and frozen foods. About 82% of our portfolio sits with Kellanova. WK Kellogg Co leads with top food brands in the U.S., Canada, and Caribbean. Each company now focuses on clear plans and financial goals that suit their markets. We move faster and use resources where they matter most. This step builds strong career paths and keeps building on the K values that drive us.
Over the past several years, Kellogg’s® has been on a journey to transform its portfolio, enhancing performance and increasing value for all its stakeholders. The announcement to spin off the North American cereal business was the next step in that transformation.
The spin-off will better position both businesses to unlock its full potential by creating:
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Kellanova, a global snacking powerhouse with a leading presence in international cereal and noodles and North America frozen foods, consisting of approximately 82% of the company’s portfolio;
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WK Kellogg Co, a leading food company in the U.S., Canada, and Caribbean with a portfolio of iconic, category-leading brands.
As independent companies, both businesses will be better positioned to:
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Focus on their distinct strategic priorities, with financial targets that best fit their own markets and opportunities;
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Execute with increased agility and operational flexibility, enabling more focused allocation of capital and resources in a manner consistent with those strategic priorities;
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Realize improved outlooks for profitable growth; and
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Shape distinctive corporate cultures and rewarding career paths for employees of each company, building on the K values and the incredible corporate culture that exists at Kellogg Company today.
