Mondelēz International (NASDAQ:MDLZ) agrees to acquire a majority stake in Perfect Snacks, which makes refrigerated snacks and nutrition bars including the Original Refrigerated Protein Bar and organic, non-GMO, nut-butter-based protein bars and bites.
Financial terms of the deal, which is expected to close later this summer, weren't disclosed.
Mondelēz plans to operate Perfect Snacks as a separate business to nurture its entrepreneurial spirit, while providing resources to help accelerate growth.
The acquisition adds to the company's portfolio of brands, including Oreo, Cadbury, Milka, and belVita.
Subscribe for full text news in your inbox