Vending

Kellogg moves forward on separation into 2 companies

Image: Adobe Stock.

July 25, 2023

The Kellogg Co. has filed a Form 10 registration statement with the U.S. Securities and Exchange Commission relating to its previously-announced plan to separate into two businesses.

The filing provides financial statements, including historical carve-out financial statements and pro forma financial statements and a discussion of the key drivers of WK Kellogg Co.'s past financial performance.

The two companies are:
• Kellanova, with about $12.6 billion in 2022 net sales, will focus on global snacking, international cereal and noodles, and North America frozen foods.
• WK Kellogg Co., with about $2.7 billion in 2022 net sales, will be a cereal company in the U.S., Canada and the Caribbean.