Mondelez completes Perfect Snacks acquisition
DEERFIELD - Mondelez International has completed its acquisition of a majority interest in Perfect Snacks, a maker of refrigerated nutrition bars.
Mondelez announced in June it would acquire a majority stake in the California-based company. Specific terms were not announced.
"The Perfect Snacks majority acquisition further expands our leadership position in broader snacking, including the fast-growing segments of well-being and refrigerated snacking," said Glen Walter, executive vice president and president, North America, for Mondelez International.
Mondelez is operating Perfect Snacks as a separate business in order to nurture its entrepreneurial spirit and maintain the authenticity of the brand, while providing resources to help expand consumer penetration and U.S. distribution of Perfect Snacks' products and future innovation.