Business

Mondelez completes Perfect Snacks acquisition

Posted July 17, 2019 1:00 am

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.

Article Comments

Article Categories
Business Communities Deerfield Food Lifestyle Manufacturing

Article Comments

Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.