Deals
Mondelez Bulks Up With $1.2 Billion Give & Go Bakery Deal
- Mondelez deal strengthens offerings in indulgent food category
- Canadian bakery’s management to retain minority stake
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Mondelez International Inc. is stocking up on treats with a deal for the Canadian owner of the “two-bite” brownies brand, in a move that pushes further into the bakery industry.
The Oreo cookies owner bought a majority interest in Toronto-based Give & Go Prepared Foods Corp. from private equity firm Thomas H. Lee Partners, it said in a statement Tuesday. Mondelez paid about $1.2 billion for Give & Go., people with knowledge of the matter said.