- Builds a $1 billion global snack bar player with leading brands
- Increases wellness and portfolio of sustainable snacks and continued expansion of Baked Snacks
- Leverages company strategy to prioritize fast-growing snacking segments in key geographies
CHICAGO, Aug. 01, 2022 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that it has completed the acquisition of Clif Bar & Company, the leading U.S. manufacturer of nutritious energy bars made with organic ingredients .
Acquisition brings Mondelēz International’s global snack bar business to over $1 billion, with leading brands such as CLIF®CLIF Child® and LUNA® in addition to the company’s refrigerated snacking activity Perfect snacks in the United States and a leader in performance nutrition Grenade in the UK This acquisition also advances the company’s strategy to reshape its portfolio to deliver higher and sustainable growth.
“We are delighted to officially welcome Clif Bar & Company to our Mondelēz International team,” said Dirk Van de Put, CEO of Mondelēz International. “We are thrilled to have the opportunity to advance our shared passion for providing 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 & Company business from its headquarters in Emeryville, California, with manufacturing operations at its facilities in Twin Falls, Idaho, and Indianapolis, Ind.
The acquisition of Clif Bar & Company builds on Mondelēz International’s continued focus on fast-growing snacking segments in key geographies. So far in 2022, Mondelēz International has announced an agreement to acquire RicolinoMexican leader in confectionery, Grupo Bimbo and finalized and fully integrated its acquisition of Chipita S.A., leader in the category of small cakes and pastries in Central and Eastern Europe. This increase follows a year of strong global growth in snacking in 2021, with in particular the acquisitions of Grenadea leading UK performance nutrition company; Gourmet Food Assets, a leading Australian food company in the attractive premium biscuits and crackers category; and Hua wellness snacking company in the United States
About Mondelez International
Mondelēz International, Inc. (Nasdaq: MDLZ) enables people to snack directly in more than 150 countries around the world. With net revenues of approximately $29 billion in 2021, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, belVita and READ biscuits; Cadbury dairy products Milk, Milka and Toblerone Chocolate; Acid Patch Kids sweets and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.
About Clif Bar & Company
For 30 years, Clif Bar & Company has been making nutritious, organic foods for CLIF®CLIF Child®and LUNA® brands. Through its five aspirations, Clif Bar is committed to supporting its people, its community, its planet, its brands and its business. For more information, please visit www.clifbar.com, check us out on Facebook, Instagram, Twitter and YouTube.
This press release contains forward-looking statements. Words and variations of words, such as “will”, “may”, “expect” and similar expressions are intended to identify such forward-looking statements, including, but not limited to, statements about the strategy and growth plans of Mondelēz International. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results to differ materially from those indicated in such forward-looking statements. Please also review Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the United States Securities and Exchange Commission, including its most recent Annual Report on Form 10- K and its Quarterly Reports on Form 10-Q There may be other factors not currently known to Mondelēz International or that Mondelēz International currently believes to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in forward-looking statements it makes. Mondelēz International disclaims any responsibility and assumes no obligation to update or revise any forward-looking statements contained in this press release, except as required by applicable law or regulation.