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Mondelez snaps up Greek croissant and baked snacks major for $2bn

Mondelez snaps up Greek croissant and baked snacks major for $2bn
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New yorkUnited statesGourmet food holdingsGo prepared foods corpRothschild coChicago based oreoNew york city basedUnited kingdom basedபுதியது யார்க்ஒன்றுபட்டது மாநிலங்களில்குர்‌மை உணவு ஹோல்டிங்ஸ்போ ப்ரிபேர்ட் உணவுகள் கார்ப்ரோத்ஸ்‌சைல்ட் இணைபுதியது யார்க் நகரம் அடிப்படையிலானதுஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது

Mondelēz International Acquires High-Growth European Snacking Company, Chipita S A

First established in Greece over 40 years ago, Chipita S.A. generated approximately $580 million of revenue in 2020 and has a proven track record of consistent growth from its portfolio of croissant and baked snack brands, including 7Days, Chipicao, and Fineti. Chipita S.A. has been at the forefront of the development and growth in the sector across multiple countries driven by its strong innovation and manufacturing capabilities. “Welcoming Chipita S.A.’s delicious pastry products into the Mondelēz International family advances our strategy to become the global leader in broader snacking,” said Dirk Van de Put, Chairman & CEO of Mondelēz International. “Their iconic brands and significant scale across so many attractive geographies make them a strong strategic complement to our existing portfolio and future growth ambitions in Europe and beyond.”

United statesUnited kingdomSpyros theodoropoulosGourmet food holdingsMondelez international incInternational incDirk van de putExecutive officerEastern europeanCadbury dairy milkSour patch kidsDow jones sustainabilityEastern europeMondelez internationalGoogle newsஒன்றுபட்டது மாநிலங்களில்

Mondelēz Paying $2bn For European Snack Brand

27th May 2021 Cadbury owner MondelÄz International is continuing its recent acquisition spree with the announcement that it has agreed on a $2bn deal to buy Greece-based snack maker Chipita. Described as a âhigh-growth key playerâ in the Central and Eastern European croissants and baked snacks category, Chipitaâs brands include 7Days, Chipicao, and Fineti. It generated revenues of approximately $580m last year from its presence in over 50 countries. The acquisition is expected to enable MondelÄz to offer a broader bakery portfolio – biscuits, cake and now pastry – meeting growing consumer demand for this segment. The deal also boosts the groupâs presence in fast-growing Central and Eastern European markets.

United kingdomGourmet food holdingsEastern europeanDirk van de putஒன்றுபட்டது கிஂக்டம்குர்‌மை உணவு ஹோல்டிங்ஸ்கிழக்கு ஐரோப்பியடர்க் வேன் டி போடு

Mondelez confirms deal to buy snacks maker Chipita

US-based snacks and confectionery giant Mondelez International has struck another international deal in snacking. related to Mondelez International, Bakery, Condiments, dressings, sauces & spreads, Snacks, M&A and joint ventures,

Spyros theodoropoulosBritannia industriesGourmet food holdingsHu master holdingsMondelez internationalAthens based chipitaVan de putUnited kingdom basedBritchip foodsபிரிட்டானியா தொழில்கள்குர்‌மை உணவு ஹோல்டிங்ஸ்ஹு குரு ஹோல்டிங்ஸ்மோண்தெலேஜ் சர்வதேசவேன் டி போடுஒன்றுபட்டது கிஂக்டம் அடிப்படையிலானது