MondelĒz international to acquire evirth, a china leader in fast-growing cakes and pastries

Chicago, sept. 20, 2024 (globe newswire) -- mondelĒz international, inc. (nasdaq: mdlz) today announced that it has signed an agreement to acquire a significant majority stake in evirth, a leading manufacturer of cakes and pastries in china, subject to customary closing conditions, including regulatory approval. the move represents an important step forward in mondelĒz's strategy to accelerate growth in the cakes and pastries category – a core focus for the company, alongside chocolate and biscuits.
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