Vending

Mondelez to acquire Grupo Bimbo's confectionery business for $1.3B

Image provided by iStock.

April 25, 2022

Mondelēz International has agreed to acquire Grupo Bimbo's confectionery business, Ricolino, for approximately $1.3 billion, according to a press release.

With approximately $500 million in annual revenue, Ricolino employs close to 6,000 associates, has four manufacturing facilities and distributes its products to several channels. Its brands Ricolino, Vero, La Corona and Coronado include lollipops, marshmallows, chocolates, gummies and other confectionery products.

The acquisition will double the size of Mondelēz Mexico's business.