The iconic 117-year-old maker of Pringles and Frosted Flakes will split into two companies today after working since June 2022 on the separation.
Kellanova will house well-known snack brands such as Pringles, Cheez-It, and Pop-Tarts as well as the company’s plant-based food business Morningstar.
The Kellanova business, which current Kellogg CEO [Steve Cahillane] will run, is slated to trade under Kellogg’s current stock ticker symbol, “K”, on the New York Stock Exchange.
The traditional cereal business, which boasts names such as Froot Loops and Corn Flakes, will be called WK Kellogg Co — a nod to the company’s founder William Keith Kellogg. The business’s stock symbol, “KLG”, will also trade on the New York Stock Exchange.
KLG también se lleva un -8%