Mondelez: about to acquire Give & Go

(CercleFinance.com) - Mondelez International announces that it has concluded an agreement to acquire a "significant majority interest" in Give & Go, a North American pastry supplier holding the "two-bite" and "Create-A-Treat" brands.


The agri-food group, which has posted strong growth in recent years, says that, with around 500 million dollars in revenue in 2019, this company will round out its portfolio, which includes Tate's Bake Shop and Perfect Snacks.

The deal, whose financial terms were not disclosed, remains subject to customary conditions for it to go ahead, is expected to be completed in the second quarter of 2020. The current management team will retain a minority stake.


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