Leading cereal manufacturer Kellogg Company announced overnight that one of its majority-owned subsidiaries has acquired all of 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 by either party. Kellogg CEO David Mackay indicates that Kellogg is seeking to grow and China provides a perfect expansion opportunity. “Geographic expansion in... ...Read more »