BATTLE CREEK, Mich., June 20, 2016 /PRNewswire/ -- Kellogg
Company announced today it is establishing eighteen94 capital (1894) to make minority investments in companies pursuing
next-generation innovation, bolstering access to cutting-edge ideas and trends. The investment mandate includes start-up
businesses pioneering new ingredients, foods, packaging, and enabling technology.
"As consumer preferences move toward more diverse tastes and trends, the pace of innovation in the packaged food industry
continues to intensify," said Gary Pilnick, vice chairman of Kellogg Company. "By investing
directly in the most promising entrepreneurs and ventures, we can increase greatly our access to game-changing ideas and trends
that could become significant sources of growth for us. At the same time, we will be providing these companies with
essential growth capital and access to Kellogg resources and expertise, which will help drive their ideas and businesses. It's
truly a win-win."
1894 intends to invest approximately $100 million. As a result, it will play an important
role in achieving Kellogg's 2020 strategic growth objectives. 1894 will invest in emerging businesses in both Kellogg's
core categories and adjacent categories, and in companies that have developed new consumer-driven technologies that could lead to
long-term, mutual growth opportunities. While stage-agnostic, the fund will emphasize early stage opportunities with
companies that have demonstrated good product and market fit and have generated initial revenue.
1894 will be managed by Simon Burton, managing director, a 10-year executive at Kellogg who
also has extensive investment experience in the Consumer Products sector and with start-ups. In addition, Kellogg has
partnered with Touchdown Ventures, which specializes in corporate venture capital, to assist with management of the fund.
"We want to help take our partners' innovative spirit and passion as far as they can go," said Burton. "We want to help
create the ideal conditions for growth; that's why we believe that 1894 will become the destination for ideas."
For more information about eighteen94 capital, please visit www.1894capital.com.
About Kellogg Company
At Kellogg Company (NYSE: K), we strive to make foods people love. This includes our beloved brands – Kellogg's®,
Keebler®, Special K®, Pringles®, Kellogg's Frosted Flakes®, Pop-Tarts®, Kellogg's Corn Flakes®, Rice Krispies®, Cheez-It®, Eggo®,
Mini-Wheats® and more – that nourish families so they can flourish and thrive. With 2015 sales of $13.5 billion and more than 1,600 foods, Kellogg is the world's leading cereal company; second largest producer
of cookies, crackers and savory snacks; and a leading North American frozen foods company. Through our Breakfasts for Better
Days™ global hunger initiative, we've provided more than 1.4 billion servings of cereal and snacks to children
and families in need around the world. To learn more, visit www.kelloggcompany.com or follow us on Twitter @KelloggCompany, YouTube and on Social K.
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SOURCE Kellogg Company