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In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. [8] The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods, [9] [10] now a part of Kraft Heinz. [11]
Main article: Kraft Foods Inc. § History. Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Thomas H. McInnerney and Edward E. Rieck. The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry.
As of September 2024[update], the largest ever acquisition was the 1999 takeover of Mannesmannby Vodafone Airtouch plcat $183 billion ($334.7 billion adjusted for inflation). AT&Tappears in these lists the most times with five entries, for a combined transaction value of $311.4 billion. Mergers and acquisitions are notated with the year the ...
Fenwick & West LLP is a law firm of more than 470 attorneys with offices in Silicon Valley, San Francisco, Seattle, New York City, Santa Monica, Washington, DC and Shanghai. The firm focuses on the technology and life sciences sectors, advising clients at all stages from startups to public companies. [2] Fenwick has been embroiled in legal ...
Mondelez could be the name to watch — under CEO Dirk Van de Put, the company has made several big acquisitions, notably spending $2.9 billion to buy Clif Bar.
Chicago-based snack food giant Mondelez International said Monday it has agreed to acquire Clif Bar & Company, the California-based maker of Clif, Clif Kid and Luna brand energy bars. The deal was ...
The acquisition of on-trend brands CLIF, LUNA, and CLIF Kid expands MDLZ's global snack bar business to more than $1 billion. Mondelez expects the transaction to be top-line accretive in year two ...
Mondelez said last week that first quarter sales and profits surged 18.1% and 17.3%, respectively, from a year ago. The gains reflect strong demand for Oreos and Chips Ahoy cookies despite price ...