The spin-off will better position both businesses to unlock its full potential by creating:
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;
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:
Focus on their distinct strategic priorities, with financial targets that best fit their own markets and opportunities;
Execute with increased agility and operational flexibility, enabling more focused allocation of capital and resources in a manner consistent with those strategic priorities;
Realize improved outlooks for profitable growth; and
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.
