Kellogg will split into three independent companies to focus on the snack business, Reuters reported Tuesday. The snacking portfolio, which includes brands like Pop-Tarts, Rice Krispies Treats, and Eggo waffles, will comprise the main business, while the North America cereal unit (Frosted Flakes, Froot Loops, etc.) and the plant-based business (MorningStar Farms) will be spun off. The company is also considering a sale of the plant-based business.
By Krista Garver
Source: foodindustryexecutive.com
The facility is designed to foster innovation and deepen collaboration with customers, by offering a range of new services and solidifying its role as a central hub for customer support. Tereos’ team, supported by a network of 50 scientists, will ensure customers can innovate and meet the rising consumer demand for healthier and more sustainable products.
Glanbia has agreed to acquire Flavor Producers from Aroma Holding for an initial consideration of $300 million. Flavor Producers is a US-based flavour platform, providing flavours and extracts to the F&B industries, with a focus on organic and natural ingredients.
Lesnard, who previously worked at Nike, The North Face and Sephora, has a mission to “grow and sustain GODIVA’s position and expertise in the premium chocolate category, leveraging ongoing support from pladis to take GODIVA and its legendary chocolate to new heights.”
