Brandtree

When did Kellanova buy and sell its brands?

Kellanova has completed 0 recorded acquisitions and 2 divestitures or spin-offs, spanning 2019 to 2025.

DateTypeAssetsCounterpartyValue
Dec 2025Acquisition (sold)Kellanova, Pringles, Cheez-It and Pop-Tarts +4Mars$35.9bn
Oct 2023Spin-offFrosted Flakes, Kellogg's Corn Flakes, Rice Krispies and Raisin Bran +1WK Kellogg Co—
Jul 2019DivestitureKeebler and Famous AmosFerrero$1.3bn

2025

Acquisition closed

Mars acquires Kellanova, Pringles, Cheez-It, Pop-Tarts, RXBAR, Nutri-Grain, Special K and Crunchy Nut

Mars agreed in August 2024 to buy Kellanova for $83.50 a share in cash, a total enterprise value of $35.9 billion including assumed net leverage, and completed the purchase on 11 December 2025 after the last regulatory approvals arrived three days earlier. Kellanova became a wholly owned subsidiary of Mars and its shares left the New York Stock Exchange. The brands did not change hands individually: Pringles, Cheez-It, Pop-Tarts, RXBAR and the international Kellogg cereals stay with Kellanova, which is now a private family-owned company's snacking arm rather than a listed business.

Value
$35.9bn
Buyer
Mars
Seller
public shareholders
Regulatory
None recorded

2023

2019

Divestiture closed

Ferrero acquires Keebler and Famous Amos

Kellogg sold Keebler, Famous Amos and the rest of its cookies and fruit snacks business to Ferrero as it concentrated on snacks and cereal. The seller entity later became Kellanova in the 2023 split.

Value
$1.3bn
Buyer
Ferrero
Seller
Kellanova
Regulatory
None recorded

Brands Kellanova once owned

Ownership recorded here as having ended, whether or not a deal record with a filing behind it exists for the transfer.

BrandOwned fromUntilOwner today
Frosted Flakes — Oct 2023 Ferrero
Kellogg's Corn Flakes — Oct 2023 Ferrero
Rice Krispies — Oct 2023 Ferrero
Raisin Bran — Oct 2023 Ferrero
Froot Loops — Oct 2023 Ferrero
Keebler Mar 2001 Jul 2019 Ferrero
Famous Amos Mar 2001 Jul 2019 Ferrero