Kellogg Unit Buys Chinese Cookie, Cracker Maker

  • July 1, 2008
The company will buy all the assets of Zhenghang Food Company Ltd. ("Navigable Foods"), a manufacturer of cookies and crackers in the north and northeastern regions of China.

Terms of the transaction were not disclosed. Navigable Foods' 2007 net sales were approximately $50 million.

Founded in 1993, Navigable Foods is one of the major biscuit manufacturers in China, providing consumers with a large variety of cookie and cracker products under the ZhengHang brand.

--Nina M. Lentini

Next story loading loading..