• Latest
  • Trending
  • All
  • Lifestyle & Entertainment
Cadbury acquires US energy bar maker Clif for $2.9 billion

Cadbury acquires US energy bar maker Clif for $2.9 billion

June 21, 2022
Rege-Jean Page clarified Bridgerton Season 3 return rumors

Rege-Jean Page clarified Bridgerton Season 3 return rumors

June 25, 2022

Chris Hemsworth Responds to Rumors He’s Done With Marvel

June 25, 2022
Paul Giamatti joins Season 2 cast of HBO Max series 30 Coins

Paul Giamatti joins Season 2 cast of HBO Max series 30 Coins

June 25, 2022

Taylor Swift to Selena Gomez, celebs are ‘shocked’ as US Court closes sacred right to early termination

June 25, 2022

Billie Eilish Slams US Supreme Court Abortion Verdict in front of an audience at Glastonbury, Calls It a ‘Dull Day for Women’

June 25, 2022

Jungkook, Charlie Puth Collaboration Tops iTunes Charts In 93 Countries

June 25, 2022

A$ap Rocky Previews More New Music but Still No Word on His Forthcoming Album

June 25, 2022
Moses Ingram joins Natalie Portman in Apple’s limited series Lady In The Lake

Moses Ingram joins Natalie Portman in Apple’s limited series Lady In The Lake

June 25, 2022
Gun Safety Bill Signed by Joe Biden: “Lives Will Be Saved”

Gun Safety Bill Signed by Joe Biden: “Lives Will Be Saved”

June 25, 2022
When will Morbius be available on Netflix?

When will Morbius be available on Netflix?

June 25, 2022
Netflix to bring an animated series Oddballs from YouTube creator James Rallison

Netflix to bring an animated series Oddballs from YouTube creator James Rallison

June 25, 2022
Keith Knight’s comedy series Woke canceled after two seasons on Hulu

Keith Knight’s comedy series Woke canceled after two seasons on Hulu

June 25, 2022
Retail
Sunday, June 26, 2022
Contact Us
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean
No Result
View All Result
The UBJ - United Business Journal
No Result
View All Result

Cadbury acquires US energy bar maker Clif for $2.9 billion

by Pooja Sahu
June 21, 2022
in World
0
Cadbury acquires US energy bar maker Clif for $2.9 billion

Cadbury, the owner of the British chocolate brand Cadbury, has announced the acquisition of Clif Bar & Company, a US energy bar maker, for $2.9 billion (£2.4 billion).

Mondelez International, which also owns Oreo, Toblerone, and Milka, says the acquisition will help it “lead the future of snacking.”

YOU MAY ALSO LIKE

Dispute over M&S’s plan to redevelop its flagship store

Nike will leave Russia completely

The food and beverage conglomerate also stated that it will continue to manufacture Clif’s products at its facilities in Idaho and Indiana.

Mondelez issued a warning in March about the impact of rising production costs.

The American confectionery company said in a statement on Monday that the buyout will increase the value of its snack bar business to more than $1 billion.

It also stated that once the transaction is completed later this year, it will continue to operate Clif’s business from its headquarters in Emeryville, California.
“We are thrilled to welcome Clif Bar & Company’s iconic brands and passionate employees into the Mondelez International family,” Mondelez’s chairman and chief executive Dirk Van de Put said.
“This transaction further advances our ambition to lead the future of snacking by winning in chocolate, biscuits and baked snacks, as we continue to scale our high-growth snack bar business,” he added.
According to the company’s website, Clif was founded three decades ago by Gary Erickson, who came up with the idea for an energy bar during a 175-mile bike ride.

Clifford Erickson, Mr Erickson’s father and “childhood hero,” was named after the bar, which opened “after countless hours in mom’s kitchen.”

Sally Grimes, CEO of Clif Bar, stated that Mondelez was “the right partner at the right time to support Clif in our next chapter of growth.”

Mondelez, which also owns Daim, Ritz, and Belvita, reported net revenue of nearly $29 billion last year.

Tags: CadburyChocolateUs

Advertisement

Instagram

    Please install/update and activate JNews Instagram plugin.

Recent News

Rege-Jean Page clarified Bridgerton Season 3 return rumors

Rege-Jean Page clarified Bridgerton Season 3 return rumors

June 25, 2022

Chris Hemsworth Responds to Rumors He’s Done With Marvel

June 25, 2022

Categories

  • Business
  • Featured
  • Horoscope
  • k-drama
  • Korean
  • Lifestyle & Entertainment
  • Movie
  • News
  • Science & Technology
  • Technology
  • World

Quick Contact

[contact-form to='[email protected]' subject='Footer Contact'][contact-field label='Email' type='email' required='1'/][contact-field label='Message' type='textarea'/][/contact-form]

The UBJ – United Business Journal

The UBJ Is content that is informative, entertaining, and relevant to its region. It offers news, sport, lifestyle, business & more

© 2022 The UBJ. All Right Reserved

  • About UBJ
  • Contact
  • Editorial Team
  • Privacy Policy
  • Disclaimer

No Result
View All Result
  • Home
  • World
  • Business
  • Lifestyle & Entertainment
  • Science & Technology
  • Horoscope
  • Korean

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.

Enable Notifications    OK No thanks