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Mondelez snaps up Greek croissant and baked snacks major for $2bn
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Oreo Maker Mondelez Buys European Snack Producer Chipita for $2B
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May 26 2021, 9:26 PM
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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 âa proven track record of consistent growth from its portfolio of croissant and baked snack brands,â 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.