Mondelez buys majority stake in Canadian Give & Go

Assorted goods of Mondelez Global.

Adam Jeffery | CNBC

Mondelez International says it has signed a offer to buy a major the vast majority interest in Toronto-centered Give & Go Ready Meals, maker of baked merchandise this sort of as two-bite brownies.

Illinois-dependent Mondelez — maker of Oreo, Triscuit and Chips Ahoy! makes — is buying the stake in the privately held Give & Go from cash affiliated with Thomas H. Lee Companions.

Money phrases of the offer have been not immediately out there.

Started in 1989, Give & Go’s administration team will manage a minority fascination in the company. In addition to its two-bite brownies, Give & Go’s makes involve Build-A-Handle, Mason St. Bakehouse and the Worthy Crumb Pastry Co.

“Give & Go’s main place in the big and rapidly-developing in-retail store bakery channel gives us a exceptional chance to extend into new, on-pattern shopper areas,” Glen Walter, government vice-president and president, North America, for Mondelez Worldwide, mentioned in a statement.

“Similar to our new acquisitions of Excellent Treats and Tate’s Bake Shop, this is but a further fantastic instance of our bolt-on acquisition approach to establish foundations in quicker increasing snacking adjacencies.”

Resource connection