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		</div><p>Kellogg Company, the maker of Frosted Flakes, Rice Krispies and Eggo, will split into three companies focused on cereals, snacks and plant-based foods.</p>
<p>Kellogg’s, which also owns MorningStar Farms, the plant-based food maker, said the spin-off of the yet-to-be-named cereal and plant-based food companies should be completed by the end of next year.</p>
<p>Kellogg’s had net sales of 14.2 billion dollars (£11.6 billion) in 2021, with 11.4 billion dollars (£9.3 billion) generated by its snack division.</p>
<p>Cereal accounted for another 2.4 billion dollars (£1.96 billion) in sales last year while plant-based sales totalled around 340 million dollars (£277 million).</p>
<p>“These businesses all have significant standalone potential, and an enhanced focus will enable them to better direct their resources toward their distinct strategic priorities,” said chief executive Steve Cahillane.</p>
<p>Shareholders will receive shares in the two spin-offs on a pro-rata basis relative to their Kellogg holdings.</p>
<p>The company’s corporate headquarters will move from Battle Creek, Michigan, to Chicago, but it will maintain dual headquarters in both cities for its snack company, which makes up about 80% of current sales.</p>
<p>Kellogg’s three international headquarters in Europe, Latin America, and AMEA will remain in their current locations.</p>
<p>Companies have begun to split up at an accelerated pace, including General Electric, IBM and Johnson &; Johnson, but such splits are more rare for food producers.</p>
<p>The last major split in the sector was in 2012, when Kraft split to create Mondelez.</p>
<p>Shares of Kellogg Company jumped 8% to 73.29 dollars before the opening bell on Tuesday.</p>
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