Ferrero Finalizes $3.1 Billion WK Kellogg Acquisition, Solidifying US Market Dominance
Ferrero Finalizes $3.1 Billion WK Kellogg Acquisition, Solidifying US Market Dominance Italian confectionery giant Ferrero has officially completed its $3.1 billion acquisition of WK Kellogg, the cereal maker behind iconic brands like Froot Loops and Corn Flakes. This landmark deal, one of the largest in the food industry this year, marks a significant milestone in Executive Chairman Giovanni Ferrero’s ambitious decade-long strategy to transform the family business into a global food powerhouse, particularly expanding its presence in the United States….