Mondelez International, the snack and confectionery multinational, has announced the acquisition of Greek snacking company Chipita for approximately $2 billion. Chipita is a producer of salty and sweet snacks in Central and Eastern Europe, with a leading position in the production of packaged croissant and baked snacks, having a portfolio of brands that among others include 7Days, Chipicao, and Fineti. According to company’s statement, the acquisition will allow Mondelez business …
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Mondelez
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 …
Snacks and confectionery multinational Mondelez has announced plans to invest £15 million ($21 million) into a new production line at its Bournville chocolate facility in Birmingham, UK. According to sources, £11 million of the investment will be spent to create a new production line for Cadbury Milk tablets as the company consolidates the majority of its tablets production at the site, and £4 million to increase the chocolate making capacity …
Snack and confectionery multinational Mondelez has announced the acquisition of Hu Master Holding, a US-based snack company. In 2019, Mondelez made a minority investment in Hu through its SnackFutures division. Hu is a family business founded in 2012 that has become a category leader in premium chocolate bars with a portfolio of products that includes snacking and baking chocolates, chocolate-covered nuts and berries, and grain-free crackers. “Hu is a strong strategic …
Mondelez International, the snack and confectionery multinational, has announced an agreement to acquire a majority interest in Give & Go, a US-based in-store bakery company. Give & Go, which owns the brands Two-bite and Create-A-Treat, produces fully finished sweet baked goods that are sold across North America. The firm is said to have a leading position in brownies, cupcakes, pastries and muffins, and reported net revenues of $500 million in …
Mondelez, the global snacks and confectionery firm, has invested C$4o million ($30 million) to upgrade a confectionery facility in Hamilton, Canada to increase capacity, according to a report in Canadian Grocer. The investment is reportedly being spent on a new line that will make 11 million pieces of Maynards jelly sweets a day for distribution across Canada and the USA. The new production line in Hamilton is part of a wider commitment to manufacturing …
Snacks and confectionery multinational Mondelez has announced an agreement to acquire a majority interest in Perfect Snacks, a California-based company described as a “pioneer” in the refrigerated nutrition bars segment. Founded in 2005, Perfect Snacks markets a range “fresh-from-the-fridge” protein snacks, made from plant-based ingredients such as nuts and fruit as well as 20 organic “superfoods” such as kale, spinach, and lemon. Since launching its flagship refrigerated snack bar, the …
Mondelez, the US confectionery, food, and beverage multinational, has announced that it has made a minority investment in Hu Master Holdings, the owner of both Hu Products and Hu Kitchen, described as a fast-growing US-based snacking company. Hu is described as making minimally-processed, paleo-inspired foods with simple, real ingredients and was created by siblings Jason H Karp, Jordan Brown and Jessica Karp in 2012. The firm’s product line includes chocolate, …
Snacks and confectionery multinational Mondelez International has announced the launch of an innovation hub called SnackFutures. According to the manufacturer, the new hub was developed to tap into rapidly changing consumer trends, creating new opportunities in the snacking sector. The innovation hub will join internal human resources with external partnerships to enable Invention of new brands and businesses in key strategic areas, reinvention of small-scale Mondelez brands with large-scale potential, …
Snacks and confectionery multinational Mondelez has announced that it is expanding its brand portfolio with the acquisition of US biscuit maker Tate’s Bake Shop. Mondelez, which is acquiring Tate’s Bake Shop for almost $500 million from private equity firm The Riverside Company, will operate Tate’s Bake Shop as a separate standalone business. The company will continue to produce all of its products at its existing manufacturing facility, as well as …
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