Mondelez Wraps Up Clif Bar & Co. Acquisition
Food and beverage firm Mondelez International said Monday that its acquisition of energy bars maker Clif Bar & Co. has reached completion. The Chicago-based firm said the deal expands its global snack bar business and complements its refrigerated snacking and performance nutrition businesses.
Clif Bar & Co. will continue to operate from its current headquarters in Emeryville, CA and its manufacturing operations in Twin Falls, ID and Indianapolis, IN.
The transaction is part of Mondelez’s efforts to prioritize high-growth snacking segments in important geographies, the company said. Last year Mondelez purchased the US-based well-beingsnacking company Hu.