Kellogg announced Monday that it is selling Keebler, Famous Amos and other snack brands for $1.3 billion cash to chocolate confectioner Ferrero. Ferrero is best known in the U.S. as the maker of Nutella.

Known for its cereals, crackers, salty snacks and toaster pastries, Kellogg recorded about $13.5 billion in sales in 2018. Its cookie business, which includes Keebler, Mother's, Famous Amos and Murray's, netted about $900 million last year. Shares of Kellogg fell about 1 percent in morning trading.