Kellanova K, previously known as Kellogg Company, concludes the separation of its North American cereal business, as unveiled before. The move led to the formation of two independent, publicly traded companies, WK Kellogg Co KLG and Kellanova. The separation was reached via the distribution of all WK Kellogg Co shares to Kellanova common stock shareholders.

Kellanova is committed to delivering growth on increased operational focus, fit-for-purpose strategy and resource allocation. Management expects to enhance profitability through operating leverage, widened scale across emerging markets, productivity and revenue growth management. Although the company’s corporate name has altered to Kellanova, its products around the globe will continue to have the Kellogg's brand.

WK Kellogg Co will focus on ready-to-eat cereal across the U.S., Canada, and Caribbean. Management earlier highlighted that the unit will house a portfolio of leading brands like Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes, Kashi and Bear Naked.