Vending

Mondelēz acquires snack maker Chipita

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January 3, 2022

Mondelēz International Inc. has finalized its acquisition of Chipita Global S.A., a provider of snacks and croissants in Central and Eastern Europe, for an undisclosed sum, according to a press release.

Established in Greece more than 40 years ago, Chipita S.A. delivers croissants and other baked snack brands to 2 billion consumers in more than 50 countries.

The previously announced acquisition offers opportunities for bringing together Mondelēz International brands such as Cadbury and Milka with Chipita croissant and baked snack brands like 7Days. A formal integration process will take effect over the next six months.

Mondelēz International will utilize Chipita's Central and Eastern European distribution network capabilities to enhance its own distribution in the region, while continuing to introduce its brands to countries in the region and beyond.