Mondelez to acquire majority stake in Vietnam’s leading snacks company
Mondelez International Inc., Deerfield, IL, will acquire an 80 percent stake in Kinh Do Corp.’s snacks business in Vietnam, subject to the approval of Kinh Do Corp.’s shareholders.
The landmark investment in Vietnam’s fast-moving consumer goods industry will leverage Kinh Do's manufacturing capabilities, distribution network and some of the best Vietnamese talent in the industry. Kinh Do’s brands include Kinh Do mooncakes and biscuits, Cosy biscuits, Solite soft cakes and AFC crackers. These brands complement Mondelez’s portfolio of iconic snacks brands in the region, including Oreo cookies, Ritz crackers and Cadbury chocolates.