Kellogg acquires Zhenghang Food
Kellogg has announced that one of their subsidiaries has now acquired assets of Chinese cookie and cracker maker Zhenghang Food.
The two companies have not disclosed the financial aspects of this deal.
Kellogg President and Chief Executive Officer David Mackay said that this deal would help them expand their product offerings in the Chinese market.
This Chinese subsidiary has around 1800 workers and the deal includes two manufacturing facilities in this country.
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