Mondelēz International continues to make progress under its Impact for Growth platform, designed to push the company to make achievements in sustainability, health and safety by 2020.
Mondelēz, Flowers Foods, and Pepperidge Farm all announced recalls of certain products today due to possible Salmonella in the whey powder ingredient used in the products.
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.