Kellogg acquires Chinese cracker and cookie maker

Cereal maker Kellogg Co. on Monday said its subsidiary acquired Zhenghang Food Co., a Chinese maker of cookies and crackers.

Financial terms were not disclosed.

Kellogg said the acquisition will help it expand in China. The deal includes two plants and the company's sales and distribution network.

Zhenghang Food Co. employs about 1,800 and had 2007 sales of about $50 million.

Comment (0)
Recommended (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Compare Brokers

TD AMERITRADE
more info
ShareBuilder
more info
Power E*Trade

more info
Scottrade
more info
Fool Disclosure

DocumentId: 675136, ~/articles/articlehandler.aspx, 8/29/2008 10:07:35 PM,

Sign up for FREE Motley Fool site access!

Already registered? Login Here

It’s FREE! Enter your email address, and we’ll rush you to the article you're looking for right now.

Privacy / Legal Information

We will use your email address only to keep you informed about updates to our web site and about other products and services that we think might interest you. The Motley Fool respects your privacy. Please read our Privacy Statement

.

Related Tickers

Kellogg Company

K Down! $54.44 -0.42 (-0.77%) 4:02 PM
CAPS Rating:
461 Outperforms
50 Underperforms
Rate This Stock

Major Indices

S&P 5001,282.83 -1.37%
DJIA11,543.55 -1.47%
RSL 2K739.50 -1.11%
NASD2,367.52 -1.83%
Updated: 5:10:01 PM
Sponsored by:

The Motley Poll

Where will the U.S. dollar go from here?

Sponsored by: