BATTLE CREEK, Mich. -- Cereal giant Kellogg here has bought the alternative cereal and convenience-food maker Kashi Co., La Jolla, Calif., for an undisclosed sum.
Kashi, which generated $25 million in sales in 1999, will operate as part of Kellogg's natural and functional foods division. Founded in 1984 by Philip and Gayle Tauber, Kashi grew by more than 100% in the fiscal year just ended and is expected to deliver strong double-digit growth through the rest of 2000.
"The acquisition of ...
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