Did Kellogg’s buy Pringles?

Kellogg decided to purchase Pringles to complement its growing snacks division, which already include Keebler, Cheez-it, and Special K crackers. The acquisition more than doubles Kellogg snacks' presence abroad, Citi analyst David Driscoll wrote in a note to investors.

(Reuters) - Kellogg Co K.N agreed to buy Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc PEP. N in the global snack food market. The transaction also marks the final exit of household products maker Procter & Gamble Co PG.

Kellogg Co. (K), known for its Kellogg's brand breakfast foods, is a global food company that sells cereals and snacks such as Cheez-It crackers, Pringles potato chips, and Eggo waffles. 1 W.K. Kellogg founded Kellogg as Battle Creek Toasted Corn Flake Company in 1906.

Pringles is P&G's last remaining food brand and the decision to divest the brand allows the FMCG company to focus on its three core businesses: beauty and grooming, household care, and health and wellbeing.

This article is more than 10 years old. Procter & Gamble will sell its Pringles product line to cereal-maker Kellogg for $2.7 billion, prompting Kellogg shares to rise Wednesday. P&G was virtually unchanged.

(Reuters) - Kellogg Co K.N agreed to buy Pringles potato chips for $2.7 billion in a cash deal that makes the cereal company second only to PepsiCo Inc PEP. N in the global snack food market. The transaction also marks the final exit of household products maker Procter & Gamble Co PG.

Because Pringles aren't actually made with real potato—the recipe calls for dehydrated processed potato—the FDA ruled in 1975 that Pringles could only be called "chips" if they provided a disclaimer, identifying them as "potato chips made from dried potatoes." Pringles scrapped that idea and renamed them potato "crisps ...

The Kellogg Foundation and institutional investors own Kellogg. The largest shareholder of Kellogg is the Kellogg Foundation. This independent philanthropic organization established in 1930 owns 22% of the total shares in Kellogg.

Kellogg's snacking unit, which includes Cheez-It and Pringles, gets a new name: Kellanova. Kellogg will split into two companies named Kellanova and WK Kellogg Co by the end of the year. Kellanova, which will include brands like Pringles and Cheez-Its, will retain the “K” stock ticker currently used by the food giant.

Pringle's are an excellent example of a manufactured good that is priced according to market value. The cost of production is (almost) entirely irrelevant. The combination of perceived product quality and marketing generated demand allows the company to set a premium price that customers are freely willing to pay.

Kellogg has split into two companies, trying to unlock better growth for Kellanova. The market appears to have overcompensated for the spinoff.

On May 31, 2012, Kellogg's officially acquired Pringles for $2.695 billion as part of a plan to grow its international snacks business. The acquisition of Pringles makes Kellogg the second-largest snack company in the world.

Pringles isn't high on the list of what we consider healthy chips, but their reduced-fat version is a welcome alternative. It contains fewer calories, fat, and sodium than the original recipe, but keeps the same amount of carbs and seasoning.

Are Pringles® baked or fried? All Pringles® potato crisps are fried, not baked.

From today, breakfast food giant Kellogg's will go by the new name of Kellanova as part of a drive into the snacks sector to sell more on-the-go products in Australia. There will be no obvious changes for consumers, with all the company's popular cereals retaining the Kellogg's logo.

In 2012, Kellogg's became the world's second-largest snack food company (after PepsiCo) by acquiring the potato crisps brand Pringles from Procter & Gamble for $2.7 billion in a cash deal. In 2017, Kellogg's acquired Chicago-based food company Rxbar for $654 million.

"Kellogg Company Board Of Directors Approves Separation Into Two Companies, Kellanova And WK Kellogg Co."

Pringles were first marketed as "Newfangled Potato Chips," but the name didn't stick. No one is certain where the name "Pringles" originated, but some think it could be an homage to the patent-holder for potato processing equipmentor it could be the name of a street.

Kellogg's snacking unit, which includes Cheez-It and Pringles, gets a new name: Kellanova.

The idea of the Pringles® canister was first invented by the chemist Fredric Baur in 1966. Because potato chips are fragile, Baur felt that simply tossing them in a bag was an inefficient method of storage.

Procter & Gamble has sold its Pringles crisp brand to Diamond Foods for $2.35bn. Diamond Foods, the US food manufacturer, also owns the Kettle chips brand, Diamond of California and Emerald nuts brands and microwave popcorn brand Pop Secret.

Pringle comes from a family with a long history of successful businessmen. Despite his name, he is not related to the Pringle's chip company. After college, he became an intern at Man Financial and stayed active in the stock market from then on.

This was because, to the Institute, Pringles weren't "real potato chips." As stated in an article published in the Lakeland Ledger newspaper, the Institute believed a potato chip must be a "slice of fresh, raw potato, deep fried in vegetable oil, salted and packaged." Pringles did not meet that requirement, as they ...

Turns out, Pringles aren't officially chips. Here's the complicated international saga. Savory, crispy and addictive, Pringles certainly seem to fit the description of potato chips. Turns out, though, Pringles aren't chips at all—they're crisps.