Mondelēz to expand snack portfolio with acquisition of UK performance nutrition brand Grenade

UK – Owner of Cadbury chocolate brand, Mondelēz International has agreed to to acquire UK performance nutrition company Grenade from its majority shareholder Lion Capital as part of its continuing expansion into the snacking sector. The deal comes barely two weeks after Mondelēz purchased Australian based premium cracker company Gourmet Food Holdings. This is in addition to the acquisition of plant-based snack brand Hu Products which was made in January in an effort to tap into the increasingly popular better-for-you snack segment. Grenade manufactures a range of sports nutrition products…

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