Mondelez confirms to acquire healthy snack and paleo chocolate maker Hu Master Holdings [MarketWatch]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: MarketWatch
Mondelez International Inc. said Tuesday it has acquired healthy snack and paleo chocolate maker Hu Master Holdings, confirmed an earlier report in the Wall Street Journal. Terms of the deal were not disclosed, but Mondelez said the deal comes after a 2019 minority investment granted it a right of first offer to acquire the company. The deal closed on Monday. Food companies are increasingly focusing on healthier options in response to demand from more health-conscious consumers. Hu, which comes from the phrase "Get Back to Human," was founded in 2012 as a family business run by Jason H. Karp and siblings Jordan Brown and Jessica (Brown) Karp. The first iteration was Hu Kitchen in New York City, a high-end restaurant with an emphasis on simple ingredients. "This well-being brand platform provides further growth opportunities in chocolate, cross-category potential in crackers, as well as meaningful opportunities to expand distribution including in eCommerce and premium conventional reta
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News
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- European Ice Cream Market Projected to Reach US$ 28.57 Billion by 2030 Amid Premiumization and Innovation Trends [Yahoo! Finance]Yahoo! Finance
- Global Chewing Gum Market Size To Worth USD 19.64 Billion By 2033 | CAGR of 3.57% [Yahoo! Finance]Yahoo! Finance
- Health & Wellness Food Market Projected to Reach $859.43 billion by 2030 - Exclusive Report by 360iResearch [Yahoo! Finance]Yahoo! Finance
MDLZ
Earnings
- 1/30/24 - Beat
MDLZ
Sec Filings
- 4/12/24 - Form PX14A6G
- 4/5/24 - Form DEFA14A
- 4/5/24 - Form DEF
- MDLZ's page on the SEC website