September 3/Battle Creek, Mich./Canada NewsWire -- Kellogg Company acquired the assets of IndyBake Products LLC and Brownie Products Co., a privately held contract manufacturing business that produces cracker, cookie and frozen dough products. IndyBake Products and Brownie Products' two manufacturing facilities, located in Seelyville, Ind., and Gardner, Ill., will be integrated into Kellogg's U.S. Snacks manufacturing network.

Terms of the transaction were not disclosed. Combined revenues for IndyBake Products and Brownie Products were approximately $50 million in 2007.

"Expanding our snacks business is a key element of Kellogg's business strategy and commitment to driving sustainable growth," said David Mackay, president and chief executive officer, Kellogg Company. "This acquisition will help us expand our capacity to manufacture existing and proprietary snacks products as well as enable new product innovations."

IndyBake Products and Brownie Products have been a partner to Kellogg for many years as a snacks contract manufacturer. Approximately 150 IndyBake Products and Brownie Products employees joined Kellogg upon the close of the deal.

From the September 15, 2008, Prepared Foods e-Flash