Kellogg Company will spin itself off into three separate companies focused on cereal, plant-based foods and snacks.
The Chicago corporate headquarters will be located at 412 N. Wells St., where Kellogg’s offices are already located. The company also has offices in Naperville and currently employs more than 300 people in the Chicago area.
Over the past five years, the number of food- or agriculture-related companies headquartered in Chicago has risen from fewer than 100 to more than 400, Fassnacht said. Fassnacht said the departures of Caterpillar and Boeing don’t represent a trend of corporate departures from Chicago and Illinois, but rather exceptions that reflect decisions specific to those companies.
Fassnacht said no city tax incentives were given to draw the snacks company , and he was not aware of any state incentives. Spokespeople for Mayor Lori Lightfoot and Governor J.B. Pritzker’s offices did not immediately respond to questions about the move or any incentives.
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