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Mondelez to Buy European Snacking Company Chipita for $2 Billion

May 26 2021, 9:26 PM May 26 2021, 6:58 PM May 26 2021, 9:26 PM (Bloomberg) Mondelez International Inc., the packaged-food giant known for Oreo cookies and Ritz Crackers, agreed to buy European snack maker Chipita SA for about $2 billion. (Bloomberg) Mondelez International Inc., the packaged-food giant known for Oreo cookies and Ritz Crackers, agreed to buy European snack maker Chipita SA for about $2 billion. Chipita had about $580 million in revenue in 2020 and has “a proven track record of consistent growth from its portfolio of croissant and baked snack brands,” Mondelez said in a statement. The company, which is based in Greece, employs about 5,100 workers and produces in 13 plants. Its goods are delivered to more than 50 countries. Rothschild & Co. advised Chipita on the deal.

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