Quaker, a subsidiary of US food and beverages giant PepsiCo, has sold its bagged cereal business to US cereal manufacturer Malt-O-Meal, in order to concentrate on its larger, more profitable boxed cereal brands.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more


PepsiCo subsequently reaffirmed that it expects to achieve its previously stated targets of 13-14% earnings per share growth for the fourth quarter and full year 2002.


For the full year 2002, bagged cereals are expected to account for about 5% of Quaker’s North America food revenues.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now