Mondelēz International has announced an agreement with The Riverside Company, a global private equity firm, and other shareholders, including Founder Kathleen King, to acquire Tate’s Bake Shop for approximately $500 million.
Mondelēz International will acquire Long Island, N.Y.-based Tate’s Bake Shop for $500 million. Known for its signature thin-and-crispy cookies made with simple, high-quality ingredients, Tate’s is a fast-growing premium cookie and baked goods brand.
Mondelēz International’s Milka chocolate brand will join Cocoa Life — the company’s sustainable cocoa sourcing program — as part of its commitment to source all its chocolate products sustainably over time.
World largest consumer survey announces product innovation awards for various categories in the United States, including sugar confections, candy bar and better-for-you.
This year, better-for-you and confectionery category winners chosen by more than 40,000 consumers in the United States included the following: Toffifay by Storck USA in sugar confections; Oreo Chocolate Bar by Mondelez International in candy bar; and Elevation by Millville High Protein Bars from Aldi in the better-for-you category.
Deerfield, Ill.-based Mondelēz International today announced it will partner with the Forestry Commission of Ghana, Ghana Cocoa Board and United Nations Development Programme (UNDP), to reduce deforestation and forest degradation in the country while simultaneously reducing emissions in its cocoa supply chain.