The Kellogg Co. on May 15 announced it is discontinuing its
operations in Venezuela (Alimentos Kellogg S.A.), effective immediately.
Kellogg operates a facility in Maracay, Venezuela, that employs
approximately 300 people.
“In December of 2016, Kellogg deconsolidated its Venezuela business
from the company’s results,” Kellogg noted in an emailed statement. “The
current economic and social deterioration in the country has now
prompted the company to discontinue operations. All assets, contractual
obligations and legal guarantees have been settled with Kellogg’s
employees, suppliers and customers in Venezuela.”
Kellogg said product distribution in Venezuela has been suspended and
the license agreement for the use and commercialization of its brands
and characters in Venezuela has been terminated.
Kellogg has had a presence in Venezuela since 1961, and the market is its second largest in Latin America after Mexico.