MondelĒz international to acquire clif bar & company, u.s. leader in fast-growing energy bars

Chicago, june 20, 2022 (globe newswire) -- mondelĒz international, inc. (nasdaq: mdlz) today announced an agreement to acquire clif bar & company, leading u.s. maker of nutritious energy bars with organic ingredients, for $2.9 billion with additional contingent earnout consideration. the acquisition of leading on-trend brands clif®, luna® and clif kid® expands mondelĒz international's global snack bar business to more than $1 billion, including its complementary and leading refrigerated snacking business perfect snacks in the u.s. and leading performance nutrition business grenade in the u.k. this acquisition also advances the company's strategy to reshape its portfolio to sustain higher long-term growth.
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