Kellogg plans to split itself into three publicly traded businesses, as the company offers investors the option to back cereal, snacking and plant-based foods companies.
One business would encompass Kellogg’s snacking business, including its international cereal and noodles as well as North America frozen breakfast. Another stand-alone business would house Kellogg’s North American cereal business and a third company would consist of its plant-based foods business, including the MorningStar Farms brand.