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Mondelēz International Completes Acquisition of Tate’s Bake Shop
“The Tate’s Bake Shop acquisition represents the type of bolt-on transaction that will leverage our strengths and drive growth and value for our shareholders,” said Dirk Van de Put, Chairman and Chief Executive Officer. “Tate’s on-trend products complement our existing biscuits portfolio and provide access into the fast-growing premium cookie segment. We‘re excited to begin working with the Tate’s team to expand the reach of this beloved authentic brand to more consumers around the world.”
Mondelēz International is operating Tate’s as a separate standalone business under its current management team to nurture its entrepreneurial spirit and maintain the authenticity of the brand while providing resources to accelerate growth. Tate’s will, however, benefit from the unparalleled distribution channels and sales and marketing capabilities of Mondelēz International to extend its popular treats to more consumers and build upon a strong track record of profitable growth.
About Mondelēz International
About Tate’s Bake Shop
A nationally acclaimed brand of deeply delicious baked goods with a specialty bake shop in
This press release contains forward-looking statements. Words, and variations of words, such as “will,” “expect” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements about: the transaction, the expected results of the transaction and the prospects for the Tate’s business. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the company’s control, which could cause the company’s actual results to differ materially from those indicated in these forward-looking statements. Please see the company’s risk factors, as they may be amended from time to time, set forth in its filings with the
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Source: Mondelez International, Inc.