Kellanova

Money Moves

Former NYSE-listed snack and international cereal company, now a wholly owned Mars subsidiary.

Mars closed its $35.9 billion purchase of Kellanova on Dec. 11, 2025, taking the Pringles and Pop-Tarts maker private and folding its brands into Mars Snacking. In March 2026, Mars said it would spend $100 million expanding its Chicago headquarters and add 600 jobs there. The city is now the base for Mars’s North America region and its Accelerator Division.

Updated Oct 31

Money Moves

As of September 2026: Filed the WARN notice to close the San Jose plant, effective Nov. 4, 2026; subsidiary of Mars since 2025

The frozen waffle was invented on this San Jose factory floor. The plant that made Eggos for parts of nine decades will stop production in November.

Updated Sep 12

Money Moves

As of May 2026: Acquired by Mars on December 11, 2025; no longer publicly traded or in an S&P index.

Before the market opened on December 11, Ares Management — a private-credit powerhouse with nearly $600 billion under management — slid into the S&P 500, replacing Kellanova. Kellanova completed its $35.9 billion sale to Mars that day.

Updated May 10