Acquisition is the next chapter in Ferrero's proven strategy to acquire, 
invest in and grow iconic brands in North America, while also driving 
organic growth through brand innovation 
 
 
   LUXEMBOURG, Sept. 26, 2025 /PRNewswire/ -- The Ferrero Group ("Ferrero" 
or the "Company") today announced the successful completion of its 
acquisition of WK Kellogg Co. WK Kellogg Co is now a wholly owned 
subsidiary of Ferrero. 
 
 
   The transaction was previously announced on July 10, 2025, and approved 
by WK Kellogg Co shareowners on September 19, 2025. With the completion 
of the transaction, WK Kellogg Co shareowners are entitled to receive 
$23.00 in cash for each share of WK Kellogg Co common stock they owned 
immediately prior to the closing. WK Kellogg Co has ceased trading and 
will no longer be listed on the New York Stock Exchange. 
 
 
   The acquisition of WK Kellogg Co supports Ferrero's plan for strategic 
growth in North America and expands the Company's reach across more 
consumption occasions with brands beloved by consumers. Ferrero plans to 
invest in and grow WK Kellogg Co's iconic portfolio of brands across the 
United States, Canada and the Caribbean. 
 
 
   Lazard acted as lead financial advisor with BofA Securities acting as 
co-advisor and Davis Polk & Wardwell LLP acted as legal counsel to 
Ferrero. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as 
financial advisors and Kirkland & Ellis LLP served as legal counsel to 
WK Kellogg Co. 
 
 
   About Ferrero 
 
 
   Ferrero began its journey in the small town of Alba in Piedmont, Italy, 
in 1946 and has since grown into one of the largest sweet-packaged food 
companies, delighting people around the world with its beloved treats. 
Today, the Ferrero Group proudly offers more than 35 iconic brands 
available in over 170 countries. This is bolstered by Ferrero affiliated 
companies which include Ferrara, Nonni's, Fox's & Burton's Biscuits, 
Fine Biscuits Company, and Michel et Augustin. 
 
 
   Ferrero entered the US market in 1969 and today Ferrero Group and 
Ferrero affiliated companies boast an impressive stable of global brands 
and beloved local jewels including Nutella$(R)$, Kinder(R), Tic Tac(R), 
Ferrero Rocher(R), Butterfinger(R), CRUNCH(R), Baby Ruth(R), Fannie 
May(R), Keebler, Famous Amos(R), Mother's(R), Power Crunch(R), NERDS(R), 
Jelly Belly(R), SweeTARTS(R), Brach's(R), Black Forest(R), Trolli(R), 
Laffy Taffy(R), Lemonheads(R), Halo Top(R), Blue Bunny(R) and Bomb 
Pop(R). 
 
 
   In total, the more than 61,000 employees within the Ferrero family of 
companies are dedicated to helping people celebrate life's special 
moments with high-quality products and fulfilling the company's deep 
commitment to the planet and the communities in which it operates around 
the world. 
 
 
   For more information, visit www.ferrero.com 
 
 
   About WK Kellogg Co 
 
 
   At WK Kellogg Co, we bring our best to everyone, every day through our 
trusted foods and brands. Our journey began in 1894, when our founder 
W.K. Kellogg reimagined the future of food with the creation of Corn 
Flakes, changing breakfast forever. Our iconic brand portfolio includes 
Kellogg's Frosted Flakes(R), Rice Krispies(R), Froot Loops(R), Kashi(R), 
Special K(R), Kellogg's Raisin Bran(R), and Bear Naked(R). With a 
presence in the majority of households across North America, our brands 
play a key role in enhancing the lives of millions of consumers every 
day, promoting a strong sense of physical, emotional and societal 
wellbeing. Our beloved brand characters, including Tony the Tiger(R) and 
Toucan Sam(R), represent our deep connections with the consumers and 
communities we serve. Through our sustainable business strategy 
=- Feeding Happiness$(TM)$ -- we aim to build healthier and happier 
futures for families, kids and communities. We are making a positive 
impact, while creating foods that bring joy and nourishment to 
consumers. For more information about WK Kellogg Co and Feeding 
Happiness, visit www.wkkellogg.com. 
 
 
   Contacts 
 
   Ferrero Group 
 
 
 
   Global Media 
 
   Shilla Christianto 
 
 
   group.communications@ferrero.com 
 
   North America Media 
 
   Steve Alessandrini 
 
 
   northamericamediainquiries@ferrero.com 
 
   FTI Consulting 
 
 
   ferrerogroup@fticonsulting.com 
 
 
    View original 
content:https://www.prnewswire.com/news-releases/ferrero-completes-acquisition-of-wk-kellogg-co-302568208.html 
 
 
 
   SOURCE Ferrero Group 
 
 
 
 
 
 

(END) Dow Jones Newswires

September 26, 2025 08:43 ET (12:43 GMT)