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Outside of Europe, Mondelez’s group volumes improved as the US snacks and confectionery business raised its organic growth outlook for the year.
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The German family-owned company said the acquisition will open up “additional growth opportunities” in the US market.
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According to WARN notices filed by the company, the closures will affect nearly 100 jobs.
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The undisclosed interest will be purchased from Trixie’s founder Bonnik Hansen, and company shareholders Dirk Jessen and Volker Haak, who remain minority owners.
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Ettinger has led the Jennie-O turkey and Skippy peanut butter brand owner since last year, when he replaced the retiring Jim Snee.
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Workers at Intersnack's Schwerte and Grevenbroich-Wevelinghoven factories are set to stage 24-hour warning strikes.
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The plant in Stanwood, Washington is scheduled to close on 16 September, impacting around 123 jobs, according to a WARN filing.
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The UK-headquartered snacks maker plans to double sales volumes by 2030 in compliance with HFSS and functional food trends.
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