Kellogg moving into grocery store nutrition aisle
NEW
YORK, June 23 (Reuters) - Kellogg Co.
(K.N:Quote,
Profile, Research), maker of sugary
Frosted Flakes cereal and Keebler cookies, is
moving into the diet and nutrition section of
the grocery store with a line of protein-fortified
foods, the company said on Friday.
Kellogg
will expand its Special K line of foods with protein
waters, snack bars and meal bars starting in November.
The
new products are the first offerings of its new
Health & Wellness Division.
"The new products complement and extend the
equity of the Special K brand and will offer consumers
more options to help achieve their weight-management
goals," said Mark Baynes, senior vice president-marketing,
Morning Foods Division, said in a statement.
Special
K20 Protein Waters will offer five grams of protein,
while the chocolate peanut butter, double chocolate
and strawberry meal bars have 10 grams of protein.
The snack bars will have four grams of protein.
Kellogg
shares were off 13 cents at $47.89 in morning
trade on the New York Stock Exchange. Through
Thursday, the stock had risen more than 11 percent
this year.