Mondelez International plans to invest more than $130 million in new biscuit manufacturing technology and capabilities in the U.S. The investment will focus on bakeries in New Jersey and Virginia and result in the closure of the company’s Philadelphia bakery.

Mondelez International says the plant expansion is consistent with its ongoing investments in emerging markets to drive sustainable, profitable growth.

Mondelez International says it will spend $400 million over the next 10 years on cocoa producers, as it focuses on securing supplies of the main raw ingredient in chocolate.

Affecting 550 jobs, the closing of a Toronto bakery by Mondelez International Inc.'s Canadian division is expected to take place in the third quarter of 2013. The facility has produced cookies and crackers since 1948 and employs about 550 people. The company says it will shift some production to facilities in Toronto and Montreal.

As its first acquisition, Kraft Foods Europe, which is being integrated into spunoff snack giant Mondelez International, purchases Italy’s Vitasnella snack business from France’s Danone for an undisclosed price as part of its consolidation plans in Europe.