Ferrero acquires WK Kellogg Co.
The deal supports Ferrero’s strategy to expand its presence in North America.
Courtesy of WK Kellogg Co.
The Ferrero Group has completed its acquisition of WK Kellogg Co., now a wholly owned subsidiary. The transaction was originally announced on July 10, 2025, and approved by WK Kellogg Co. shareowners on September 19, 2025.
As part of the transaction, WK Kellogg Co. shareowners are entitled to receive cash compensation for each share of common stock held immediately prior to closing. WK Kellogg Co. has ceased trading and will no longer be listed on the New York Stock Exchange.
The acquisition supports Ferrero’s strategy to expand its presence in North America through both investment in established brands and organic growth. Ferrero plans to grow WK Kellogg Co.’s portfolio across the U.S., Canada, and the Caribbean.
Lazard served as lead financial advisor to Ferrero, with BofA Securities as co-advisor and Davis Polk & Wardwell LLP as legal counsel. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as financial advisors to WK Kellogg Co., with Kirkland & Ellis LLP serving as legal counsel.
Ferrero Group is on the current Snack Food & Wholesale Bakery “Top 50 Snack & Bakery Companies” list. Click here to view the current “Top 50” rankings.
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