Chipita

We’ve detected unusual activity from your computer network

In North America, Chipita since 2017 has been part of CCP, a joint venture with Catamo and Alberto Romo of Proan, a major food manufacturer in Mexico. The business sells mini croissants under the Vuala brand in Mexico.

Over time, Mondelēz International expects to deliver comprehensive synergies and a range of benefits including procurement and manufacturing expertise, building upon Chipita S.A.’s existing differentiated capabilities.

“If there would be a larger acquisition that would provide us the opportunity to get bigger in snacking and/or get an accelerated growth rate, we’re certainly open to it,” he said during a late April call with investment analysts. “But it’s just very difficult to find and we’re hesitant…. (It is) much more difficult to find the right sizable acquisitions.”

CHICAGO — Mondelez International, Inc. is moving deeper into the global baking business with an agreement to acquire Chipita SA, a rapidly growing global baker of packaged cakes and pastries.

For inquiries related to this message please contact our support team and provide the reference ID below.

The acquisition of Chipita Global S.A. builds on Mondelēz International’s continued expansion into fast-growing snacking segments. In 2021, the Company 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.

Why did this happen?

“Mondelez International will utilize Chipita SA’s 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,” Mondelez said. “The deal will also offer innovation and co-branding opportunities by bringing Mondelez International’s iconic chocolate brands to new categories.”

Mondelēz International will utilize Chipita S.A.’s 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 Mondelēz International’s iconic chocolate brands to new categories.

CHICAGO, Jan. 03, 2022 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that it has completed the acquisition of Chipita Global S.A., a high-growth leader in the Central and Eastern European croissants and baked snacks category.

Based in Athens, Chipita generated sales of about $580 million in 2020. The company’s products includes croissants, bagel chips, cake bars, biscuits and spreads sold mostly under the 7Days, Chipicao and Fineti brands. Chipita would broaden the portfolio of Mondelez, a global leader in biscuits, crackers, chocolate and other confectionery products.

Mondelēz International, Inc. has announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category.

About Chipita S.A.
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: 7Days, Chipicao, and Fineti. A pillar to the company’s 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.

Need Help?

While paying more than three times annual sales for Chipita, Mondelez said the transaction will be immediately accretive to earnings. Closing of the deal is subject to antitrust approvals. The acquisition will be funded by existing cash and new debt issuance. Not included in the transaction are a Chipita meat-processing business and Britchip, a joint venture in India.

Mondelēz 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.

Established in Greece more than 40 years ago, Chipita S.A. delivers croissants and other baked snack brands to two billion consumers in more than 50 countries. The acquisition enhances the Company’s offering in the attractive $65 billion global packaged baked snacks category and enables Mondelēz International to offer a broad baked snacks portfolio in Europe, with a significantly increased presence in fast-growing Central and Eastern European markets.

Dirk Van de Put, chairman and chief executive officer of Mondelez, said Chipita falls squarely within the Mondelez strategy of growing in the global snacking business.

Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. For more information you can review our Terms of Service and Cookie Policy.

Based in Greece, the snack maker had 2020 revenue of $580 million.

Chipita appears to be a significantly larger acquisition (terms of the earlier transactions were not disclosed), and less than a month ago, Mr. Van de Put cast doubt as to whether Mondelez would be making major acquisitions anytime soon.

Mondelēz 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.’s minority interest in its Indian joint venture.

“We are delighted to formally welcome Chipita Global S.A. into Mondelēz International, bringing together our strong brands and heritage, as we continue to deliver great-tasting snacks and innovate across our brands to meet a wide range of changing consumer needs,” said Dirk Van de Put, Chairman & CEO of Mondelēz International. “Chipita’s 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.”

Chipita’s products are made in 13 manufacturing plants and are marketed in more than 50 countries (including the United States), reaching two billion consumers.

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 7Days, Chipicao, and Fineti. 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.

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 7Days, Chipicao, and Fineti. 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.

January 03, 2022 07:00 ET | Source: Mondelez International, Inc. Mondelez International, Inc.

The acquisition of Chipita S.A. builds on Mondelēz International’s continued expansion into fast-growing snacking segments. In 2021, the Company 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.

Mondelēz International will utilize Chipita ’s Central and Eastern European distribution network capabilities to enhance its own distribution in the region, while continuing to introduce its brands to new countries in the region and beyond. The Company also expects to build on Chipita Global S.A.’s differentiated capabilities with additional procurement and manufacturing expertise.

“The acquisition will enable the Mondelez International business to offer a broad bakery portfolio — biscuits, cake and now pastry — meeting growing consumer demand for this segment,” Mondelez said.

“Welcoming Chipita S.A.’s delicious pastry products into the Mondelēz International family advances our strategy to become the global leader in broader snacking,” said Dirk Van de Put, chairman & CEO of Mondelēz International. “Their 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.”

Chipita S.A.’s products, produced in 13 manufacturing plants, and delivered in more than 50 countries, reach two billion consumers. The acquisition will enable the Mondelēz International business to offer a broad bakery portfolio — biscuits, cake and now pastry — meeting growing consumer demand for this segment.

The acquisition marks an exciting milestone in the Company’s strategic plan, focused on accelerating growth in core snacking adjacencies, while continuing to expand its footprint in key markets.

“Their 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,” Mr. Van de Put said.

Forward-Looking Statements
This press release contains forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “plan” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements about Mondelēz International’s strategy and plans for growth, the transaction and the expected results of the transaction, and the benefits to and future prospects for the Chipita Global S.A. business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results to differ materially from those indicated in these forward-looking statements. Please also see Mondelēz International’s 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. Mondelēz 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.

The company said Chipita gives Mondelez a foothold in the “attractive $65 billion packaged cakes and pastry category,” describing the Chipita market segments as “priority adjacent snacking categories such as croissants and bake rolls.

To continue, please click the box below to let us know you’re not a robot.

In addition to bringing a new category to Mondelēz International, the acquisition will also offer significantly increased presence in the fast-growing Central and Eastern European markets where Chipita S.A.’s business is especially well-positioned.

About Mondelēz International
Mondelēz 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 OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit www.mondelezinternational.com or follow the company on Twitter at www.twitter.com/MDLZ.

In addition to bringing a new category to Mondelēz International, the acquisition will also offer significantly increased presence in the fast-growing Central and Eastern European markets where Chipita S.A.’s business is especially well positioned.

“Welcoming Chipita S.A.’s delicious pastry products into the Mondelēz International family advances our strategy to become the global leader in broader snacking,” said Dirk Van de Put, Chairman & CEO of Mondelēz International. “Their 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.”

Earlier in 2021, Mondelez acquired Grenade, a leading UK performance nutrition company; Gourmet Food Holdings, a leading Australian company in the premium biscuit and cracker category; and Hu, a US better-for-you snacking company.

Chipita S.A.’s products, produced in 13 manufacturing plants, and delivered in more than 50 countries, reach two billion consumers. The acquisition will enable the Mondelēz International business to offer a broad bakery portfolio—biscuits, cake and now pastry—meeting growing consumer demand for this segment.

Over time Mondelēz International expects to deliver comprehensive synergies and a range of benefits including procurement and manufacturing expertise, building upon Chipita S.A.’s existing differentiated capabilities.

Chipita has been at the forefront of development and growth in the croissant and baked snacks sector across multiple countries, driven by its strong innovation and manufacturing capabilities. The acquisition offers exciting opportunities for innovation bringing together iconic Mondelēz International brands such as Cadbury and Milka, with beloved Chipita croissant and baked snack brands like 7Days. A formal integration process will take effect over the next six months.

Mondelēz International will utilize Chipita S.A.’s 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 Mondelēz International’s iconic chocolate brands to new categories.

Chipita S.A.’s Chief Executive Officer Spyros Theodoropoulos, said: “Chipita, 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 Mondelēz International, one of the world’s leading snacking companies, will create new prospects for its people and products.”

Chipita S.A.’s Chief Executive Officer, Spyros Theodoropoulos, said: “Chipita, 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 Mondelēz International, one of the world’s leading snacking companies, will create new prospects for its people and products.”

The acquisition of Chipita S.A. builds on Mondelēz International’s continued expansion into fast-growing snacking segments. In 2021, the dompany 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.

Mondelēz 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.’s minority interest in its Indian joint venture.

Mondelez said the acquisition will give the company a stronger presence in central and eastern Europe, core markets of Chipita.

Mondelēz 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.

CHICAGO — On May 26, Mondelēz International announced an agreement to acquire Chipita S.A., a high-growth key player in the Central and Eastern European croissants and baked snacks category.

With 2020 net revenues of approximately $27 billion, Mondelēz International has global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum.

Источники:

https://www.marketwatch.com/story/mondelez-acquires-european-baked-goods-company-chipita-for-2-billion-2021-05-26&rut=b5d718c43fa7207a5441f4e5c8a8d5b4fb3eb9eb817485b7535ebe5c1f28ee5a
https://www.mondelezinternational.com/news/mdlz-welcomes-chipita-sa/&rut=66bd7ef3f84de4e1014ef7150971912e6794b6da4566f50829510743c85f5581
https://greekreporter.com/2021/05/26/us-giant-mondelez-acquires-greek-founded-chipita-for-2-billion/&rut=221d946a5f1e643d81a265f05b2f57e4fcee57c3803bcda94fe36d2a3d781839
https://www.bloomberg.com/news/articles/2021-05-26/mondelez-to-buy-european-snacking-company-chipita-for-2-billion&rut=c276f779bd37ad513fdecc71612d2e14e1b9af4454286e243d8ce2aeb84f89f1
https://www.snackandbakery.com/articles/96890-mondel%C4%93z-international-acquires-european-snacking-company-chipita-sa&rut=f847f2c9afaad62989710de70a73161ea758f880486692291d6e1c3864319d6c
https://greekreporter.com/2021/05/27/the-greek-behind-the-2-billion-chipita-cash-out/&rut=fe60de29c19b2aa0d08924ccbfbac568357eabe92a55eb08d69f461c27ef1c00
https://www.bakingbusiness.com/articles/53792-mondelez-deeper-into-global-baking-with-chipita&rut=04efe684a4a17aeb86133a444b9100e44d485a2f1f61397038a96be98a9a296b
https://www.globenewswire.com/news-release/2022/01/03/2359959/0/en/Mondel%C4%93z-International-Completes-Acquisition-of-Chipita-Global-S-A-High-Growth-European-Leader-in-Croissants-and-Baked-Snacks.html&rut=18b1c12a4e60d1a87b5c1fbd9fcc4f6059c688a49a9f91cea9edb586044d4bc5
https://www.foodmanufacturing.com/capital-investment/news/21452168/mondelez-buying-europes-chipita-for-2-billion&rut=365ad33aaf399e4e4fc4a8ecde4d878f1660c1479bdd211d29f30373dec895ab