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Mondel─ôz International Acquires Chipita Global

The addition of the high-growth European leader in croissants and baked snacks will assist Mondel─ôz in accelerating growth in core snacking adjacencies and enable innovation across the companyÔÇÖs brands.

Mondelēz International Logo

Mondel─ôz International has completed the acquisition of Chipita Global, a leader in the Central and Eastern European croissants and baked snacks category. The acquisition is an important step in the companyÔÇÖs strategic plan, focused on accelerating growth in core snacking adjacencies, while continuing to expand its footprint in key markets. A formal integration process will take place over the next six months.

Established in Greece more than 40 years ago, Chipita markets croissants and other baked snack brands to 2 billion consumers in more than 50 countries. The acquisition enables Mondel─ôz to offer a broad baked snacks portfolio in Europe, with a significantly increased presence in fast-growing Central and Eastern European markets.

Mondel─ôz will utilize ChipitaÔÇÖs Central and Eastern European distribution network capabilities to enhance its own distribution in the region, while continuing to introduce its brands to new countries in the region and beyond. The company also expects to build on Chipita GlobalÔÇÖs differentiated capabilities with additional procurement and manufacturing expertise.


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ÔÇťWe are delighted to formally welcome Chipita Global S.A. into Mondel─ôz International, bringing together our strong brands and heritage, as we continue to deliver great-tasting snacks and innovate across our brands to meet a wide range of changing consumer needs,ÔÇŁ says Dirk Van de Put, chairman and CEO of Mondel─ôz International. ÔÇťChipitaÔÇÖs 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.ÔÇŁ

The acquisition of Chipita Global builds on Mondel─ôz InternationaIÔÇÖs expansion into fast-growing snacking segments. In 2021, the company acquired Grenade, a leading U.K. performance nutrition company; Gourmet Food Holdings, a leading Australian food company in the premium biscuit and cracker category; and Hu, a well-being snacking company in the U.S.



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