M&A Deal Summary

The Ferrero Group Acquires WK Kellogg Co.

On July 10, 2025, The Ferrero Group acquired food company WK Kellogg Co. for 3.1B USD

Acquisition Highlights
  • This is The Ferrero Group’s 12th transaction in the Food sector.
  • This is The Ferrero Group’s 2nd largest (disclosed) transaction.
  • This is The Ferrero Group’s 7th transaction in the United States.
  • This is The Ferrero Group’s 1st transaction in Michigan.

M&A Deal Summary

Date 2025-07-10
Target WK Kellogg Co.
Sector Food
Buyer(s) The Ferrero Group
Deal Type Add-on Acquisition
Deal Value 3.1B USD
Advisor(s) Goldman Sachs
Morgan Stanley (Financial)
Kirkland & Ellis (Legal)

Target

WK Kellogg Co.

Battle Creek, Michigan, United States
Kellogg's corporate headquarters in Battle Creek, Michigan.
Kellogg's corporate headquarters in Battle Creek, Michigan.
WK Kellogg is a food company engaged in the manufacture and marketing of ready-to-eat cereal and convenience foods. WK Kellogg was formed in 1906 and is based in Battle Creek, Michigan.

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Buyer(S) 1

Buyer

The Ferrero Group

Alba, Italy

Category Company
Founded 1946
Sector Food
Employees34,000
Revenue 10.5B EUR (2017)
DESCRIPTION

The Ferrero Group is a global manufacturer of branded chocolate and confectionery products. Ferrero was established in 1946 and is headquartered in Alba, Italy.


DEAL STATS #
Overall 12 of 12
Sector: Food M&A 12 of 12
Type: Add-on Acquisition M&A Deals 8 of 8
State: Michigan M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2025 M&A 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-24 Power Crunch

Irvine, California, United States

Power Crunch provides superior protein bars & nutrition for adults and kids. Power Crunch was founded in 1995 and is based in Irvine, California.

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