Mondelēz commits to virgin plastic reduction By Anthony Myers Mondelēz International has pledged to increase its commitment to reduce use of virgin plastics in its packaging, as part of the confectionery giant’s ongoing environmental efforts across its portfolio.
The company also said it supported the introduction of a US Federal recycling scheme that considers the various types of plastic packaging currently used across the industry.
While it already claims to have a significantly below-sector-average use of plastics in its portfolio by weight, Mondelēz said it is demonstrating its resolve to continue to reduce plastic packaging.
By 2025, the company aims for an at least 25% reduction in virgin plastic use in its rigid plastic packaging or a 5% reduction in virgin plastic use in its overall plastic packaging portfolio, assuming constant portfolio mix.
Mondelez to enter crackers category in Australia
Mondelez International has entered what it calls the premium biscuit and cracker segment in Australia and New Zealand with an agreement to acquire Gourmet Food Holdings.
The US-based snacking and confectionery major, owner of the Cadbury chocolate range and Oreo snacks, said the crackers deal is a strategic fit, with plans to accelerate Gourmet Food s growth, leveraging its manufacturing, research and development capabilities .
Current owners, Sydney-based private-equity firm CPE Capital, formed Gourmet Food in 2018 - when the investor was known as Champ Private Equity - through the merger of MaxFoods and Fine Food Holdings. Media reports in Australia suggested in January the private-equity firm had put the company on the market, with Mondelez understood to be one of the interested parties, along with other private-equity businesses.
Provides attractive platform to drive broader biscuit portfolio in Australia and New Zealand
CHICAGO, March 09, 2021 (GLOBE NEWSWIRE) Mondelēz International (Nasdaq: MDLZ) today announced it has entered into an agreement to acquire Gourmet Food Holdings Pty Ltd, a leading Australian food company with a strong position in the attractive premium biscuit and cracker category. Terms of the transaction were not disclosed.
Gourmet Food’s brands, including
OB finest, Olina’s Bakehouse and
Crispbic, have grown to become category leaders in the premium crackers and biscuits segments throughout Australia and New Zealand (ANZ) through on-trend innovations, including health and well-being offerings.