May 31/Battle Creek, Mich./PRNewswire -- Kellogg Company announced the completion of its acquisition of Procter & Gamble's Pringles business. The $ 2.695 billion acquisition further strengthens Kellogg Company's competitive position in global snacks, making Kellogg the world's second-largest savory snacks player.
"In Pringles, Kellogg has acquired a terrific business, with exceptional employees, world-class manufacturing facilities, iconic brand awareness, and a tremendous platform for growth," said John Bryant, Kellogg Company's president and chief executive officer. "The addition of Pringles to our portfolio significantly advances the company's strategic goal of building a global snacks business on par with our global cereal business, and expanding our global footprint."