Kelloggs to split into three companies

Photo by: Kellogg's
Photo by: Kellogg's

(Battle Creek, MI) -- Kellogg's will split into three independent companies by the end of next year.

The company will spin off its North American cereal and plant-based divisions while the remaining businesses will continue under the global snacking company.

CEO Steve Cahillane said, "These businesses all have significant standalone potential." Headquarters for the North American cereal and plant-based food divisions will be kept in Battle Creek, Michigan while the global snacking company will stay in Chicago.

Names for the new companies will be announced at a later date.