Subscribe for the latest consumer trends, trade news, nutrition science and regulatory updates in the supplement industry!
Join 37,000+ members. Yes, it's completely free.
Kellogg Acquires Worthington Foods
October 4, 1999
1 Min Read
WORTHINGTON, Ohio--Worthington Foods, manufacturer and marketer of vegetarian and other healthful foods, reached an agreement with Kellogg Company. Kellogg has agreed to pay $24 for each of Worthington's approximately 12.8 million shares outstanding. The actual figure is approximately $307 million.
Worthington Foods is expected to have a sales increase of more than 20 percent over 1998, bringing annual sales to more than $170 million. Worthington's brands include Morningstar Farms, Natural Touch, Worthington and Loma Linda.
You May Also Like