Vending

Mondelez to acquire Clif Bar for $2.9B

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June 21, 2022

Mondelēz International Inc. has agreed to acquire Clif Bar & Co., a maker of energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration, according to a press release.

The acquisition of brands Clif, Luna and Clif Kid expands Mondelēz International's global snack bar business to more than $1 billion, including its refrigerated snacking business Perfect Snacks in the U.S. and nutrition business Grenade in the U.K.