Chicago-based Mondelēz International has completed the acquisition of Emeryville, California-based Clif Bar & Co., a maker of energy bars with organic ingredients.
The acquisition expands Mondelēz International’s global snack bar business to more than $1 billion, with brands including Clif, Clif Kid and Luna complementing its refrigerated snacking business Perfect Snacks in the U.S. and performance nutrition business Grenade in the U.K. This acquisition also advances the company’s strategy to reshape its portfolio to deliver sustainable growth.
“We are delighted to formally welcome Clif Bar & Co. into our Mondelēz International team,” said Dirk Van de Put, chairman and CEO. “We’re excited about the opportunity to advance our shared passion for delivering great-tasting snacks that help fuel busy lifestyles, while helping to reduce our impact on the planet.”
Mondelēz International will continue to operate the Clif Bar & Co. business from its headquarters in Emeryville with manufacturing operations in its facilities in Twin Falls, Idaho, and Indianapolis, Indiana.
It has also announced an agreement to acquire Ricolino, a Mexico-based confectionary company, from Grupo Bimbo and closed and fully integrated its acquisition of Chipita S.A., a company in the Central and Eastern European snack-size cakes and pastries category.
Mondelēz International has global and local brands such as Oreo, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum.
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