Mondelez Agrees To Acquire Confectionery Company Ricolino For $1.3B

  • Mondelez International Inc MDLZ has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion.
  • The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking. 
  • Ricolino’s annual revenue is about $500 million. It employs 6,000 associates and has four manufacturing facilities.
  • Ricolino’s chocolate and candy brands, including Ricolino, Vero, La Corona, and Coronado, complement the MDLZ portfolio.
  • The deal is expected to close in the late third quarter or early fourth quarter.
  • Mondelez plans to fund the deal by issuing debt and cash on hand. It held $3.5 billion in cash and equivalents as of December 31, 2021.
  • Price Action: MDLZ shares are trading higher by 0.17% at $65.17 on the last check Monday.

Posted In: BriefsM&ANewsGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.