Mondelez snaps up stake in refrigerated protein snack maker

|About: Mondelez International, Inc. (MDLZ)|By:, SA News Editor

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.

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