Mondelēz partners with major food companies to support flexible plastic recycling in UK

UK –Mondelēz International together with other major food manufacturing companies such as Mars UK, Nestlé, PepsiCo and Unilever have come together to support flexible plastic recycling in the United Kingdom (UK). According to a statement from Mondelēz, the companies have set up a £1 million fund to help make flexible plastic recycling economically viable for recyclers and easier for consumers in the UK. To make flexible packaging a reality, the fund will collaborate with manufacturers, retailers and recyclers to give the material a stable value. This will, in turn, increase…

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Mondelēz to invest US$2bn in acquisition of European baked goods firm Chipita

GREECE – Mondelēz International, an American multinational confectionery and snack food company,  has agreed to acquire Chipita, a manufacturer of croissants and baked snacks in central and eastern Europe, for $2 billion. Based in Athens, Greece, Chipita manufactures a range of croissants and baked snacks – including cakes, biscuits and spreads – under its brands 7Days, Chipicao and Fineti. The company’s baked foods are produced in 13 manufacturing plants spread across Europe and distributed to more than 56countries. The Netherlands, Greece, Germany, Bulgaria, Austria, United Kingdom, Poland, Russia, Romania, Turkey,…

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Mondelēz posts 7.9% revenue growth in Q1 as Carlsberg celebrates a “good start to the year”

US – American multinational snack and food company Mondelēz International has reported 7.9% growth in first-quarter net revenue to US$7.24 billion, driven by organic net revenue growth of 3.8%, favourable currency and the impact of its acquisitions of Give & Go and Hu. The owner of Oreo and Cadbury snack brands says that part of the of the growth could also be attributed to the strong growth it experienced in emerging markets. Following a 0.5% decline in 2020, Mondelēz’s Asia, Middle East and Africa business delivered 16.2% growth in net…

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Mondelēz, Olam partner to advance sustainable cocoa farming in Indonesia

INDONESIA – US multinational snack and food company, Mondelēz International has partnered with Singapore based supplier of cocoa beans and cocoa ingredients, Olam Food Ingredients (OFI) to advance sustainable farming in Indonesia. The two companies have announced a new collaboration in Indonesia to create the world’s single largest sustainable commercial cocoa farm featuring advanced climate smart and plant science technology. The 2,000-hectare cocoa farm will be in Seram, the largest island in Maluku province in Indonesia. The model builds on Mondelēz International’s experience with the company’s signature sustainable sourcing program,…

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Mondelez SA introduces Cadbury P.S. DUO sparking sharing moments

SOUTH AFRICA – Cadbury, part of Mondelez SA, the largest confectionery business in South Africa has expanded its Cadbury P.S. family with launch of Cadbury P.S. DUO. As the name suggests, P.S. Duo is a delicious new taste sensation that’s “Made To Share” as two individual bars are combined in one pack. The new offering brings layers of crispy wafer coated in scrumptious milk chocolate and smothered in creamy Caramilk, thus enticing fans of both Cadbury P.S. milk chocolate and Cadbury P.S. caramilk Also, the chocolate bars are artistically wrapped…

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Cadbury Nigeria reports 10% decline in full year revenue while Unilever Nigeria registers 2% top-line growth

NIGERIA – Cadbury Nigeria, subsidiary of snack and confectionery firm Mondelez International has reported a 10% decline in full year revenue for the period ended December 2020, to N35.41 billion (US$86.5m). The decline, according to Naira Metrics was occasioned by the decrease in domestic and export sales, spearheaded by the impact of COVID-19, which further affected its profits. The maker of hot chocolate beverage suffered an 83% decline in profit to N172.67 million (US$422,000). Cadbury’s profitability thrives on high volume and high revenue as FMCG profit margins are usually rather…

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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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Mondelēz to strengthen position in the premium biscuit category with acquisition of Australian food company Gourmet Food

AUSTRALIA – American snack food company Mondelēz International is once again doubling down on efforts to expand its snack portfolio through global acquisitions. In its latest move, the company has announced the acquisition of Australian premium cracker company Gourmet Food Holdings, for an undisclosed amount. FoodBev reported that the move to purchase Gourmet Food, which includes brands such as OB finest, Olina’s Bakehouse and Crispbic, will strengthen Mondelēz’s position in the premium biscuit and cracker category. Previously, Mondelēz has highlighted its intentions to strengthen its position in the high-growth snacking…

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Mondelēz doubles down sustainability efforts with new pledge to reduce new plastic use in packaging

 US – US Snack and Food Company Mondelēz has doubled down on its efforts to become more eco-friendly with a new pledge to reduce its use of virgin plastic in rigid plastic packaging by at least 25% by 2025. To achieve this target, Mondelēz said it planned to eliminate plastic material, increase its use of recycled content and adopt reuse models for its product portfolio. Mondelez’s new plastic packaging goals expand on the company’s promise to become more eco-friendly in the coming years. The company says it is close to…

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Sargento pairs cheese with popular Mondelēz brands to create new snack range

US – A new snack range that features cheese is coming to the US market thanks to a partnership between American Cheese Company Sargento Foods and global snack and food company Mondelēz International. The new snack range pairs Sargento cheeses with Ritz, Triscuit and Wheat Thins crackers and comes in four combinations, each containing 7-9g of protein and up to 170 calories per serving. In the new range, Sargento will combine Pepper Jack and Colby Jack natural cheeses with Ritz Mini Crackers while Gouda and sharp cheddar natural cheeses will…

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