{"id":499049,"date":"2021-05-26T09:15:32","date_gmt":"2021-05-26T13:15:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/"},"modified":"2021-05-26T09:15:32","modified_gmt":"2021-05-26T13:15:32","slug":"mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/","title":{"rendered":"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A."},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>Strong platform with proven track record of high growth enhances offering in attractive $65B global packaged cakes and pastry category<\/li>\n<li>Addition of differentiated brands, including <em>7Days,<\/em> adds $580 million of revenue in priority adjacent snacking categories such as croissant and bake rolls<\/li>\n<li>Opportunity for shared benefits between Chipita S.A. and Mondel\u0113z International from procurement, manufacturing, and future growth<\/li>\n<li>Transaction to be immediately accretive to earnings per share from closing based on comprehensive synergies<\/li>\n<\/ul>\n<p align=\"justify\">CHICAGO, May  26, 2021  (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International, Inc. (Nasdaq: MDLZ) today announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category.<\/p>\n<p align=\"justify\">First established in Greece over 40 years ago, Chipita S.A. generated approximately $580 million of revenue in 2020 and has a proven track record of consistent growth from its portfolio of croissant and baked snack brands, including <em>7Days, Chipicao<\/em>, and <em>Fineti<\/em>. Chipita S.A. has been at the forefront of the development and growth in the sector across multiple countries driven by its strong innovation and manufacturing capabilities.<\/p>\n<p align=\"justify\">\u201cWelcoming Chipita S.A.\u2019s delicious pastry products into the Mondel\u0113z International family advances our strategy to become the global leader in broader snacking,\u201d said Dirk Van de Put, Chairman &amp; CEO of Mondel\u0113z\u00a0International. \u201cTheir 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.\u201d<\/p>\n<p align=\"justify\">Chipita S.A.\u2019s products, produced in 13 manufacturing plants, and delivered in more than 50 countries, reach two billion consumers. The acquisition will enable the Mondel\u0113z International business to offer a broad bakery portfolio &#8211; biscuits, cake and now pastry &#8211; meeting growing consumer demand for this segment.<\/p>\n<p align=\"justify\">Chipita S.A.\u2019s Chief Executive Officer, Spyros Theodoropoulos, said: \u201cChipita, for more than 40 years, based on quality and innovation created a new category of snacks loved by consumers internationally. I am certain that the acquisition of Chipita by Mondel\u0113z International, one of the world\u2019s leading snacking companies, will create new prospects for its people and products.\u201d<\/p>\n<p align=\"justify\">In addition to bringing a new category to Mondel\u0113z International, the acquisition will also offer significantly increased presence in the fast-growing Central and Eastern European markets where Chipita S.A.\u2019s business is especially well positioned.<\/p>\n<p align=\"justify\">Mondel\u0113z International will utilize Chipita S.A.\u2019s Central and Eastern European distribution network capabilities to enhance its own distribution in the region and continue to bring the brands to new countries in the region and beyond. The deal will also offer innovation and co-branding opportunities by bringing Mondel\u0113z International\u2019s iconic chocolate brands to new categories.<\/p>\n<p align=\"justify\">Over time Mondel\u0113z International expects to deliver comprehensive synergies and a range of benefits including procurement and manufacturing expertise, building upon Chipita S.A.\u2019s existing differentiated capabilities.<\/p>\n<p align=\"justify\">Mondel\u0113z International plans to fund the purchase price of approximately $2 billion, which is subject to certain closing purchase price adjustments, through a combination of new debt issuance and existing cash.<\/p>\n<p align=\"justify\">Mondel\u0113z International expects the transaction to be immediately accretive to earnings per share from closing. The transaction is subject to relevant antitrust approvals and closing conditions. The perimeter of the transaction does not include P.G. Nikas S.A., a meat-processing business, or Chipita S.A.\u2019s minority interest in its Indian joint venture.<\/p>\n<p align=\"justify\">The acquisition of Chipita S.A. builds on Mondel\u0113z International\u2019s continued expansion into fast-growing snacking segments. In 2021, the Company has acquired Grenade, a leading UK performance nutrition company, Gourmet Food Holdings, a leading Australian food company in the attractive premium biscuit and cracker category, and Hu, a well-being snacking company in the United States.<\/p>\n<p>\n        <strong>About Mondel\u0113z International <\/strong>\n      <\/p>\n<p>Mondel\u0113z International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2020 net revenues of approximately $27 billion, MDLZ is leading the future of snacking with iconic global and local brands such as <em>OREO<\/em>, <em>belVita <\/em>and <em>LU <\/em>biscuits; <em>Cadbury Dairy Milk<\/em>, <em>Milka <\/em>and <em>Toblerone <\/em>chocolate; <em>Sour Patch Kids <\/em>candy and <em>Trident <\/em>gum. Mondel\u0113z International is a proud member of the Standard and Poor\u2019s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tQGgg54b8adwcoHVN7IaYWCR6-oPhvjWMQ2x9WC8dIsSunF43ye814E_8I9ckP1KPF8lX7NTDlewpH1qDW7QENqadSI-nQIuoNPtJKqtOHNuCV9J1QZ1atI9LQUooGy-\" rel=\"nofollow noopener\" target=\"_blank\">www.mondelezinternational.com<\/a> or follow the company on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QfIa-i86lfSNsURIkOa8CetetBO01GUibTXyige9rqElLcXiOvYN7z71dEVTeJvuqDi-sBGhPNTohW8FMx569PoiSauyxHWA_5St3vl1Q7k=\" rel=\"nofollow noopener\" target=\"_blank\">www.twitter.com\/MDLZ<\/a> .<\/p>\n<p>\n        <strong>About Chipita S.A.<\/strong>\n      <\/p>\n<p align=\"justify\">Chipita S.A. was established in Greece 40 years ago. It is one of the largest producers of salty and sweet snacks in Central and Eastern Europe, with approximately $580 million of revenue in 2020. With a leading position in the production of packaged croissant and baked snacks, the company has a portfolio of iconic brands that among others include: <em>7Days<\/em>, <em>Chipicao<\/em>, and <em>Fineti<\/em>. A pillar to the company\u2019s decision making has been the development and expansion of confectionary and baked snacks across many markets, driven by innovation and strong manufacturing capabilities. It has 13 production plants with presence in over 50 countries and employs more than 5,100 employees.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains forward-looking statements. Words, and variations of words, such as \u201cwill,\u201d \u201cmay,\u201d \u201cexpect,\u201d \u201cplan\u201d and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements about Mondel\u0113z International\u2019s strategy and plans for growth, the transaction and the expected results of the transaction, and the benefits to and future prospects for the Chipita S.A. business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondel\u0113z International\u2019s control, which could cause Mondel\u0113z International\u2019s actual results to differ materially from those indicated in these forward-looking statements.<\/p>\n<p align=\"justify\">Please also see Mondel\u0113z International\u2019s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K. Mondel\u0113z International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.<\/p>\n<p>\n        <strong>Contacts:<\/strong>\n      <\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:21%;width:21%;min-width:21%;vertical-align: top\">\n            <strong>Jess Vogl (Media) <\/strong>\n          <\/td>\n<td style=\"max-width:79%;width:79%;min-width:79%;vertical-align: top\">\n            <strong>Shep Dunlap (Investors) <\/strong>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">+1 847 943 5678<\/td>\n<td style=\"vertical-align: top\">+1 847 943 5454<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\n            <strong>news@mdlz.com <\/strong>\n          <\/td>\n<td style=\"vertical-align: top\">\n            <strong>ir@mdlz.com <\/strong>\n          <\/td>\n<\/tr>\n<\/table>\n<p align=\"center\">\n        \n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MzY0NCM0MjAyODg0IzIwMDczODk=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5f7ea567-4d84-4367-b98e-c433ef66c0f9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Strong platform with proven track record of high growth enhances offering in attractive $65B global packaged cakes and pastry category Addition of differentiated brands, including 7Days, adds $580 million of revenue in priority adjacent snacking categories such as croissant and bake rolls Opportunity for shared benefits between Chipita S.A. and Mondel\u0113z International from procurement, manufacturing, and future growth Transaction to be immediately accretive to earnings per share from closing based on comprehensive synergies CHICAGO, May 26, 2021 (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International, Inc. (Nasdaq: MDLZ) today announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. First established in Greece over 40 years ago, Chipita S.A. generated approximately &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A.&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499049","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A. - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A. - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Strong platform with proven track record of high growth enhances offering in attractive $65B global packaged cakes and pastry category Addition of differentiated brands, including 7Days, adds $580 million of revenue in priority adjacent snacking categories such as croissant and bake rolls Opportunity for shared benefits between Chipita S.A. and Mondel\u0113z International from procurement, manufacturing, and future growth Transaction to be immediately accretive to earnings per share from closing based on comprehensive synergies CHICAGO, May 26, 2021 (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International, Inc. (Nasdaq: MDLZ) today announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. First established in Greece over 40 years ago, Chipita S.A. generated approximately &hellip; Continue reading &quot;Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A.&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-26T13:15:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MzY0NCM0MjAyODg0IzIwMDczODk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A.\",\"datePublished\":\"2021-05-26T13:15:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/\"},\"wordCount\":1020,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODI0MzY0NCM0MjAyODg0IzIwMDczODk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\\\/\",\"name\":\"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A. - 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(Nasdaq: MDLZ) today announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category. First established in Greece over 40 years ago, Chipita S.A. generated approximately &hellip; Continue reading \"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A.\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-26T13:15:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MzY0NCM0MjAyODg0IzIwMDczODk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A.","datePublished":"2021-05-26T13:15:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/"},"wordCount":1020,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0MzY0NCM0MjAyODg0IzIwMDczODk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-acquires-high-growth-european-snacking-company-chipita-s-a\/","name":"Mondel\u0113z International Acquires High-Growth\u00a0European Snacking Company, Chipita S.A. - 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