Mondelēz International

Overview

Mondelēz International, headquartered in Chicago, Illinois, USA, is a leading global snacking company. It was founded in 2012 following the separation from Kraft Foods and has since grown to become a significant player in the global food industry, particularly in the confectionery, food, and beverage sectors.

Company Location and Facilities

The company operates in more than 150 countries worldwide, with over 80 manufacturing facilities. Key production facilities are located in the United States, Mexico, the United Kingdom, and several countries across Asia and Europe.

Financial Indicators

In the fiscal year 2022, Mondelēz International reported revenue of approximately $28.7 billion, reflecting a significant growth rate compared to previous years. The company continues to show robust financial health, with strong earnings before interest, taxes, depreciation, and amortization (EBITDA) of around $4.5 billion.

Significant Events

One of the most notable recent events for Mondelēz International is the announcement of plans to acquire a majority stake in Evirth. Evirth is recognized for its innovative frozen dessert and bakery products, which have gained popularity in China. This strategic acquisition aims to enhance Mondelēz International's offerings in the rapidly growing Chinese market.

Company Plans

By acquiring a significant stake in Evirth, Mondelēz International plans to expand its footprint in the frozen dessert and bakery sectors within China. This move is a part of the company's broader strategy to tap into emerging markets and diversify its product portfolio to meet changing consumer preferences. The acquisition is expected to close in the first quarter of 2023, pending regulatory approvals.

Additionally, Mondelēz International intends to leverage Evirth's expertise in frozen desserts and bakery products to drive innovation and growth across its global operations. This will likely involve integrating Evirth's product lines with Mondelēz's established distribution channels in Asia and other key markets.

Management

Mondelēz International is led by Dirk Van de Put, the company's Chairman and CEO. Under his leadership, the company has focused on driving growth through strategic acquisitions, expansion into new markets, and continued innovation in its product lines.

Conclusion

Mondelēz International's acquisition of a majority stake in Evirth marks a significant step in its strategy to expand and diversify its product offerings in the Chinese market. With strong financial indicators and a clear plan for growth, Mondelēz International is poised to strengthen its position as a global leader in the snacking industry.

Sources:

- Mondelēz International 2022 Annual Report

- Company press releases and announcements

Modified: 2025/02/04

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