MondelĒz international agrees to acquire ricolino, mexico's leading confectionery company, from grupo bimbo

Chicago, april 25, 2022 (globe newswire) -- mondelĒz international (nasdaq: mdlz) today announced it has entered into an agreement with grupo bimbo to acquire its confectionery business, ricolino, for approximately $1.3 billion usd. ricolino is a growing business with a leading confectionery position in mexico. the acquisition will transform mondelĒz international's business in the high-priority mexico market to accelerate growth and scale in core snacking categories.
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