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Mondelez International Completes Acquisition of Give & Go
Mondelez International Completes Acquisition of Give & Go
- Give & Go is the North American leader in fully-finished sweet baked goods
- Acquisition further expands Mondelez International’s leadership in broader snacking
- Current Give & Go management team will maintain a minority interest
DEERFIELD, Ill. – April 1, 2020 – Mondelez International today announced it has completed its previously announced agreement to acquire a significant majority interest in Give & Go, a North American leader in fully-finished sweet baked goods and owners of the famous two-bite® brand of brownies and the Create-A-Treat® brand, known for cookie and gingerbread house decorating kits.
“As we continue to establish foundations in fast-growing snacking adjacencies, this is an important acquisition for our company that supports our ambition to lead the future of snacking,” said Glen Walter, Executive Vice President and President, North America for Mondelez International. “We look forward to working with the Give & Go management team as they build on their leading position in the large and fast-growing in-store bakery channel.”
“This is a unique opportunity for Give & Go to join the Mondelez International family and benefit from their capabilities to accelerate innovation, consumer engagement and strategic retail partnerships. We had a very successful partnership with THL and thank them for their support over the last three-and-a-half years,” said Joel Flatt, President and CEO, Give & Go.
As with other recent acquisitions including Perfect Snacks and Tate’s Bake Shop, Mondelez International will operate Give & Go separately in order to nurture its innovative and entrepreneurial spirit. Give & Go will benefit from access to Mondelez International’s consumer and channel insights, procurement, marketing and sales resources to expand the reach of its famous brands to more consumers. Give & Go’s senior leadership team will retain a minority interest in the company and continue to run the business from their existing headquarters.
About Mondelez International
Mondelez International, Inc. (NASDAQ: MDLZ) empowers people to snack right in over 150 countries around the world. With 2019 net revenues of approximately $26 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. Mondelez 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.
About Give & Go
Give & Go Prepared Foods Corp is the leader in mini treats within the in-store bakery of retailers across North America. Give & Go produces fully-finished, sweet baked goods for every key season and across four key consumer consumption occasions: Celebration Solutions, Breakfast Solutions, Everyday Treats and Better For You Snacking. Give & Go markets our solutions under our proprietary brands: two-bite®, Create-A-Treat®, Mason St. Bakehouse®, and The Worthy Crumb Pastry Co.®. The Company strives to remain at the forefront of innovation, both in product development and retailer solutions, based on consumer research and a deep understanding of our retail partners’ needs. Learn more at www.giveandgo.com and follow us on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements. Words, and variations of words, such as “will,” “expect” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements about the expected results of the transaction and the future prospects for the Give & Go business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond Mondelez International’s control, which could cause Mondelez International’s actual results to differ materially from those indicated in these forward-looking statements. Please also see Mondelez International’s risk factors, as they may be amended from time to time, set forth in its filings with the SEC, including its most recently filed Annual Report on Form 10-K. Mondelez 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.
AVIN, FOLIC ACID), CORN SYRUP, SOYBEAN AND/OR CANOLA OIL, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), SPRINKLES (ICING SUGAR [SUGAR, CORNSTARCH], PALM KERNEL OIL, MODIFIED CORNSTARCH, CORNSTARCH, SUNFLOWER LECITHIN, FD&C YELLOW #6, FD&C YELLOW #5, FD&C BLUE #1, FD&C RED #3, MICA-BASED PEARLESCENT PIGMENT, SHELLAC, POLYSORBATE 60), MODIFIED CORNSTARCH, WHEY (MILK), COCOA POWDER (PROCESSED WITH ALKALI), NONFAT DRY MILK, BUTTER (CREAM, SALT), MONO- AND DIGLYCERIDES, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), NATURAL FLAVOR, FD&C BLUE #1 LAKE, FD&C BLUE #2 LAKE, FD&C RED #40 LAKE, FD&C RED #3, FD&C YELLOW #5, SOYBEAN LECITHIN.
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KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), EGGS, BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), CORN SYRUP, SOYBEAN AND/OR CANOLA OIL, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), SPRINKLES (ICING SUGAR [SUGAR, CORNSTARCH], PALM KERNEL OIL, MODIFIED CORNSTARCH, CORNSTARCH, SHELLAC, SUNFLOWER LECITHIN, FD&C RED #40, FD&C RED #3, POLYSORBATE 60), MODIFIED CORNSTARCH, WHEY (MILK), COCOA POWDER (PROCESSED WITH ALKALI), NONFAT DRY MILK, MONO- AND DIGLYCERIDES, BUTTER (CREAM, SALT), LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), NATURAL FLAVOR, SOYBEAN LECITHIN, RED BEET CONCENTRATE (COLOR).
ICING SUGAR (SUGAR, CORNSTARCH), SUGAR, WATER, VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, CORN SYRUP, COCOA POWDER (PROCESSED WITH ALKALI), SPRINKLES (ICING SUGAR [SUGAR, CORNSTARCH], PALM KERNEL OIL, MODIFIED CORNSTARCH, CORNSTARCH, SUNFLOWER LECITHIN, FD&C YELLOW #6, FD&C YELLOW #5, FD&C BLUE #1, FD&C RED #3, SHELLAC, POLYSORBATE 60), MODIFIED CORNSTARCH, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), WHEY (MILK), NONFAT DRY MILK, MONO- AND DIGLYCERIDES, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, BUTTER (CREAM, SALT), NATURAL FLAVOR, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), SOYBEAN LECITHIN.
OIL, MONOGLYCERIDES, POLYSORBATE 60), BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, CORN SYRUP, COCOA POWDER (PROCESSED WITH ALKALI), SPRINKLES (ICING SUGAR [SUGAR, CORNSTARCH], PALM KERNEL OIL, MODIFIED CORNSTARCH, CORNSTARCH, SUNFLOWER LECITHIN, FD&C YELLOW #6, FD&C YELLOW #5, FD&C BLUE #1, FD&C RED #3, SHELLAC, POLYSORBATE 60), MODIFIED CORNSTARCH, WHEY (MILK), NONFAT DRY MILK, MONO- AND DIGLYCERIDES, SALT, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), NATURAL FLAVOR, BUTTER (CREAM, SALT), EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), SOYBEAN LECITHIN.
PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, CORN SYRUP, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), MODIFIED CORNSTARCH, WHEY (MILK), SPRINKLES (ICING SUGAR [SUGAR, CORNSTARCH], PALM KERNEL OIL, MODIFIED CORNSTARCH, CORNSTARCH, SUNFLOWER LECITHIN, SHELLAC, COLOR [MICA- BASED PEARLESCENT PIGMENT]), NONFAT DRY MILK, MONO- AND DIGLYCERIDES, BUTTER (CREAM, SALT), LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), NATURAL FLAVOR, SOYBEAN LECITHIN.
ICING SUGAR (SUGAR, CORNSTARCH), SUGAR, CREAM CHEESE (CREAM, NONFAT MILK, SALT, LOCUST BEAN GUM, BACTERIAL CULTURE), VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), SOYBEAN AND/OR CANOLA OIL, EGGS, WATER, CHOCOLATE LIQUOR, MODIFIED CORNSTARCH, WHEY (MILK), RED VELVET CRUMBS (SUGAR, ENRICHED WHEAT FLOUR [WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID], YELLOW CORN FLOUR, CANOLA OIL, COCOA POWDER [PROCESSED WITH ALKALI], CORNSTARCH, NATURAL AND ARTIFICIAL FLAVOR, COLOR [FD&C RED #40 LAKE]), LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), COLOR (FD&C RED #40, BETA CAROTENE), SALT, MONO- AND DIGLYCERIDES, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), COCOA POWDER (PROCESSED WITH ALKALI), NATURAL FLAVOR, SOYBEAN LECITHIN.
REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), CREAM CHEESE (CREAM, NONFAT MILK, SALT, LOCUST BEAN GUM, BACTERIAL CULTURE), VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), CARROTS, SOYBEAN AND/OR CANOLA OIL, EGGS, WATER, MODIFIED CORNSTARCH, WHEY (MILK), MOLASSES, CINNAMON GRAHAM COOKIE CRUMBS (ENRICHED WHEAT FLOUR [WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID], SUGAR, PALM OIL, GRAHAM FLOUR, CORN SYRUP, MOLASSES, CINNAMON, SALT), LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, CINNAMON, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), MONO- AND DIGLYCERIDES, NATURAL FLAVOR, SOYBEAN LECITHIN, POTASSIUM SORBATE (PRESERVATIVE), BETA CAROTENE (COLOR).
TERIAL CULTURE), VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, WATER, PUMPKIN, MODIFIED CORNSTARCH, WHEY (MILK), SOYBEAN LECITHIN, CINNAMON COOKIE CRUMBS (ENRICHED WHEAT FLOUR [WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID], SUGAR, PALM OIL, GRAHAM FLOUR, CORN SYRUP, MOLASSES, CINNAMON, SALT), LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), SALT, MONO- AND DIGLYCERIDES, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), SPICES, CORN SYRUP, NATURAL FLAVOR, LEMON JUICE CONCENTRATE, GUM BLEND (XANTHAN GUM, SODIUM ALGINATE, GUAR GUM), POTASSIUM SORBATE (PRESERVATIVE), BETA CAROTENE (COLOR).
XANTHAN GUM, LOCUST BEAN GUM, CARRAGEENAN, SODIUM BENZOATE [PRESERVATIVE], PECTIN, POTASSIUM SORBATE [PRESERVATIVE], FD&C BLUE #1, FD&C RED#40), WATER, BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), CORN SYRUP, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), MODIFIED CORNSTARCH, WHEY (MILK), NONFAT DRY MILK, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), MONO- AND DIGLYCERIDES, SALT, BUTTER (CREAM, SALT), EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), NATURAL FLAVOR, SOYBEAN LECITHIN.
NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), EGGS, SOYBEAN AND/OR CANOLA OIL, CORN SYRUP, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), MODIFIED CORNSTARCH, WHEY (MILK), NONFAT DRY MILK, MONO- AND DIGLYCERIDES, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), BUTTER (CREAM, SALT), NATURAL FLAVOR, SALT, LEMON PEEL, EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), SOYBEAN LECITHIN, SEA SALT, FD&C YELLOW #5, FD&C BLUE #1, LEMON OIL.
CONDENSED MILK [WHOLE MILK, SUGAR, LACTOSE], MODIFIED CORNSTARCH, PALM KERNEL OIL, BUTTER [CREAM, SALT], CARAMEL COLOR, SALT, SODIUM ACID SULFATE, POTASSIUM SORBATE [PRESERVATIVE], GELLAN GUM, FD&C YELLOW #5, FD&C YELLOW #6, TITANIUM DIOXIDE), WATER, BLEACHED ENRICHED WHEAT FLOUR (WHEAT FLOUR, NIACIN, REDUCED IRON, THIAMINE MONONITRATE, RIBOFLAVIN, FOLIC ACID), EGGS, SOYBEAN AND/OR CANOLA OIL, VEGETABLE OIL SHORTENING (CANOLA OIL, PALM OIL, PALM KERNEL OIL, MONOGLYCERIDES, POLYSORBATE 60), CORN SYRUP, MARGARINE (SOYBEAN OIL, PALM OIL, WATER, SALT, WHEY [MILK], SOYBEAN LECITHIN, MONOGLYCERIDES, NATURAL FLAVOR, VITAMIN A PALMITATE, VITAMIN D3), MODIFIED CORNSTARCH, WHEY (MILK), NONFAT DRY MILK, LEAVENING BLEND (SODIUM ACID PYROPHOSPHATE, SODIUM BICARBONATE, CORNSTARCH, MONOCALCIUM PHOSPHATE, CALCIUM SULFATE), NATURAL FLAVOR, MONO- AND DIGLYCERIDES, SALT, BUTTER (CREAM, SALT), EMULSIFIER (PROPYLENE GLYCOL MONO- AND DIESTERS OF FATS AND FATTY ACIDS, MONO- AND DIGLYCERIDES, SOYBEAN LECITHIN, CITRIC ACID [PRESERVATIVE]), SOYBEAN LECITHIN, CARAMEL COLOR (CONTAINS SULFUR DIOXIDE), BETA CAROTENE (COLOR).
