Tag Archives: food conglomerate

Nutella’s parent company Ferrero is buying cereal maker WK Kellogg for $3.1 billion

The Ferrero and WK Kellogg logos side by side, representing the merger of the two companies

Understanding Ferrero’s Strategic Move Ferrero’s $3.1 billion acquisition of WK Kellogg gives you direct access to a legacy cereal portfolio worth roughly $1.5 billion, including giants like Raisin Bran and Corn Flakes. By combining Ferrero’s strong foothold in sweet treats with WK Kellogg’s 14,000 employees and 22 plants, you’re seeing a clear bid to expand […]