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Mondelez International, the snack and confectionery multinational, has announced the acquisition of Gourmet Food, a leading manufacturer and distributor of premium entertaining food products, for an undisclosed sum.
The movement is part of Mondelez’s strategy to strengthen its position in the snacking sector, following the recent acquisitions of Perfect Snacks and Hu Master Holding.
Gourmet Food manufactures premium crackers and biscuits under the OB finest, Olina’s Bakehouse, and Crispbic brands throughout Australia and New Zealand.
According to sources, Mondelez with its resources will help to accelerate the growth of Gourmet Food, while leveraging its manufacturing, research, and development capabilities.
“This is a great strategic asset for us in a very important market,” said Dirk Van de Put, Chairman and CEO of Mondelez International. “With our iconic biscuit brands such as Oreo and belVita, as well as our leadership in chocolate with Cadbury, this acquisition will accelerate our broader snacking leadership in Australia and New Zealand.”
Source: FoodBev
