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New Deal


Announced

Completed

Kellanova completed the demerger of its North American cereal and plant-based foods businesses.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Food Products

Friendly

Demerger

Public

United States

Domestic

Spin Off

Single Bidder

Majority

food processing

Completed

Synopsis

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Kellanova, a producer of cereal and a producer of convenience foods, completed the demerger of its North American cereal and plant-based foods businesses. Financial terms were not disclosed. "With the completion of the separation, Kellanova has entered a new era with a new name and a new ambition. We are starting from a position of strength that is rooted in a century-old legacy as we embark on a journey to achieve our vision of becoming the world's best performing snacks-led powerhouse," Steve Cahillane, Kellanova Chairman and CEO.

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