Upon completion, WK Kellogg Co will become a wholly owned subsidiary of Ferrero, and its shares will be delisted from the New York Stock Exchange.
The agreement will see NewPrinces purchase the infant food brands Plasmon, Nipiol and Dieterba, and specialty food brands Aproten and Biaglut.
Transcao’s expansion strengthens domestic cocoa grinding capacity as the country moves to process half its cocoa locally.
South America, home to over 210 million people in Brazil alone, with strong macroeconomic fundamentals and a fast-evolving food industry, represents a high-potential market for Solina.
The deal strengthens ECCBC’s operational control in Ghana’s beverage market while allowing CCBA to focus on its core territories.