Investment Summary

WK Kellogg Co. Exits Kellanova

On October 2, 2023, invested in food company Kellanova from WK Kellogg Co.

Investment Highlights
  • This is transaction in the Food sector.
  • This is transaction in the United States.
  • This is transaction in Illinois.
Investment Fate
  • Kellanova was sold to a strategic buyer in 2024 for 35.9B USD.

Investment Summary

Date 2023-10-02
Target Kellanova
Sector Food
Sellers(s) WK Kellogg Co.
Deal Type Spin Off

Target

Kellanova

Chicago, Illinois, United States
Kellanova is a food company engaged in the manufacture and marketing of ready-to-eat convenience foods. The Company's principal products include cookies, crackers, snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles, and veggie foods. It also markets other convenience foods, under brands such as Keebler, Cheez-It, Murray, Austin, and Famous Amos. Kellanova is based in Chicago, Illinois.

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Seller(S) 1

SELLER

WK Kellogg Co.

Battle Creek, Michigan, United States

Category Company
Founded 1906
Sector Food
Revenue 2.7B USD (2024)
DESCRIPTION
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.


DEAL STATS #
Overall 5 of 5
Sector: Food M&A 5 of 5
Type: Spin Off M&A Deals 1 of 1
State: Illinois M&A 3 of 3
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-13 BCGo

Montreal, Quebec, Canada

BCGo is an on-demand transportation system in Calhoun County, operated by Battle Creek Transit, a department of the City of Battle Creek, and collaborating agencies. BCGois based in Montreal, Quebec.

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