USA: Mondelez opens global snack, confectionery R&D innovation centre
FMCG giant Mondelez has announced the opening of its new global research & development (R&D) innovation centre in the US state of New Jersey. The $50 million state-of-the-art facility includes a pilot and scale-up facility for biscuits, crackers and confectionery, focusing on brands including Ritz, Oreo and Sour Patch Kids. “This strategic investment in our […]
USA: Mondelez International to sell gum business to Perfetti Van Melle
Snack and confectionery multinational Mondelez International has announced that has agreed to sell its gum business in the USA, Canada and Europe to Perfetti Van Melle Group for $1.350 billion. The sale is part of the strategy of Mondelez International to accelerate growth and focus portfolio on chocolate, biscuits, and baked snacks categories. The acquisition […]
USA: Mondelez International to buy Clif Bar
FMCG giant Mondelez has announced plans to buy Clif Bar & Company for $2.9 billion (€2.75 billion), paying additional amounts to the sellers according to its earnings from Clif Bar. According to the sources, the giant will get the Clif, Luna, and Clif Kid brands of bars in its portfolio through the acquisition, creating a […]
USA: Mondelez sell Halls and gum business
Mondelez International, snack and confectionery multinational, announced the divestment of its market gum, and global Halls business. According to sources, included in the sale of its market gum business are brands such as Trident, Stride, and Dentyne, which are part of a segment with annual revenue of about US$450million. This decision was the output of […]
USA: Mondelez to buy Ricolino from Grupo Bimbo
Mondelez International, snack and confectionery multinational, has agreed to pay US$1.3bn for the Mexican confectionery business Ricolino from bakery firm Grupo Bimbo. Ricolino was launched in 1970 and sells snacks and confectionery products including lollipops, marshmallows, chocolates, and gummies under its brand name, and Vero, La Corona, and Coronado brands. According to sources, this acquisition […]
Indonesia: Mondelez to invest $23 million to expand Oreo production facility
Mondelez International, the snack and confectionery multinational, has announced it has completed a $23 million expansion of its Oreo facility in Indonesia. The investment will increase the production capacity of the biscuits factory, by using the latest technologies, to meet the growing demand of consumers in 35 countries across Southeast Asia and the broader Asia […]
USA: Mondelez to invest $122.5 million in facility expansion
Mondelez International, the snack and confectionery multinational, has announced an investment of $122.5 million to expand supply chain operations during the next three years in Virginia. The investment will be used to expand the Richmond Biscuit Bakery by 68,000 square feet, enabling it to house a high-speech Oreo production line, and to open a sales […]
UK: Mondelez to acquire majority stake in Grenade
Snack and confectionery multinational Mondelez has announced the acquisition of a majority stake in sports nutrition firm Grenade for an undisclosed sum. Founder in 2010, Grenade is a manufacturer of sports nutrition products with a portfolio of high protein, low sugar products such as bars, shakes, and drinks with exports over 30 countries. The partnership […]
USA: Mondelez International invests in Uplift Food
Mondelez International, the US confectionery and snacks firm, has revealed it has taken a minority stake in Uplift Food, a start-up focusing on prebiotic functional foods, for an undisclosed sum. The investment is the first Mondelez International has made via its SnackFutures venture hub, announced last November, which aims at unlocking snack growth opportunities around the […]
China: Mondelez unveils Oreo savoury flavours
Leading bakery and snacks producer Mondelez International has announced the launch of its cookie brand Oreo in two unconventional flavours. A limited edition for the Chinese market, the new Hot Chicken Wing flavour, featuring a buffalo sauce-esque orange cream, and Wasabi green, were announced by the firm on Twitter. Mondelez International has also announced a […]