The divestiture is part of its ongoing Accelerate strategy to reshape the portfolio and concentrate resources on priority global platforms, including super premium ice cream, Mexican food, snack bars, and pet food, to improve long term profitable growth and raise operating profit margins.
This milestone marks a significant victory for the Minneapolis-based food giant, which successfully reached its goal several months ahead of its original summer 2026 commitment.
The new state-of-the-art plant marks a significant expansion of the company’s manufacturing footprint in India and reinforces its long-term commitment to serving the fast-growing food and bakery sector.
The Marzetti board said his appointment will strengthen its strategic capabilities as the company pursues growth across retail and foodservice channels
The new Cinnamon Toast Crunch variant follows Ghost’s recent rollout of a Lucky Charms protein cereal and is part of a broader push to reimagine classic cereal flavours with functional nutrition benefits, aimed at consumers who want indulgent taste alongside higher protein content.