P&G sells Pringles to Kellogg after Diamond deal loses its luster
We kick off with Kellogg, which announced a $2.7bn deal to buy Pringles from Procter & Gamble in February after its $2.35bn deal with former suitor Diamond fell through following a probe into its payments to walnut growers: P&G sells Pringles to Kellogg after Diamond deal loses its luster
The deal tripled its international business and catapulted it into second place on the global snacks market overnight: Kellogg seals the lid on Pringles buy
Later in the year, Kellogg further expanded its international reach after striking a 50:50 joint venture with Chinese agribusiness monopoly Wilmar International to manufacture and sell cereals and snacks across the country: Kellogg strikes cereal and snack joint venture with Chinese monopoly Wilmar
