Mondelēz International Acquires Clif Bar & Company

Mondelēz International Acquires Majority Interest in Grenade

March 22, 2021

Food & Beverage

Mondelēz International agreed to acquire a significant majority interest in Grenade, a UK-based performance nutrition and high-protein snack brand. The founders will retain a minority stake and the Grenade management team will continue to run the business from its Solihull headquarters as Mondelēz aims to expand its presence in the fast-growing well-being and high-protein snack category.

The Hershey Company Acquires ONE Brands

September 23, 2019

Food & Beverage

The Hershey Company completed its acquisition of ONE Brands, LLC, a maker of low-sugar, high-protein nutrition bars, for $397 million (approximately $325 million net of tax benefits). The purchase expands Hershey's better-for-you snacking portfolio and is expected to be accretive to earnings in the first full year post-close.

Mondelēz International Acquires Hu (Hu Products)

January 4, 2021

Food & Beverage

Mondelēz International acquired Hu Master Holdings, the parent of Hu Products (Hu Kitchen), closing the transaction on January 4, 2021. Mondelēz — which had been a minority investor through its SnackFutures unit since 2019 — will operate Hu as a separate business to preserve the brand while providing resources to expand distribution, e-commerce and cross-category growth; financial terms were not disclosed.

Mars, Incorporated Acquires KIND North America

November 17, 2020

Food & Beverage

Mars, Incorporated announced the acquisition of KIND North America, bringing the business into the Mars Family of Companies and combining it with KIND International. Founder Daniel Lubetzky will retain an ongoing financial stake and the deal is intended to accelerate KIND's expansion across geographies and product categories as part of Mars' healthy snacking platform.

Barcel USA (Grupo Bimbo) Acquires Popcornopolis from NexPhase Capital

October 29, 2021

Food & Beverage

Barcel USA, the U.S. snack division of Grupo Bimbo, has acquired Popcornopolis LLC from private equity firm NexPhase Capital. Terms were not disclosed; Popcornopolis — a gourmet, ready-to-eat popcorn manufacturer and DTC brand — will join Barcel USA's snack portfolio following NexPhase's 2019 investment and recent retail and e-commerce growth.

The Hershey Company Acquires Dot's Pretzels and Pretzels Inc.

November 10, 2021

Food & Beverage

The Hershey Company entered into definitive agreements to acquire Dot's Pretzels LLC and Pretzels Inc., expanding its salty-snacking portfolio and pretzel manufacturing capabilities. The combined transaction is valued at approximately $1.2 billion (about $1.0 billion net of expected tax benefits) and is expected to close by the end of 2021, subject to customary regulatory approvals.