Kellogg to split into three independent companies

The cereal maker, whose EU headquarters are located in Dublin, is to break up into three companies focused on snacks, cereals, and plant-based food, in an effort to promote growth

Kellogg expects to separate the cereal unit first, with both transactions completed by the end of 2023. Picture: Gabby Jones/Bloomberg.

Kellogg Co said it will split into three independent companies, sparking a rally in the food conglomerate’s shares.

The maker of Corn Flakes and other well-known breakfast cereals said the companies would focus on global snacking, cereals, and plant-based foods - giving each greater autonomy and room for growth.