05 February 2024
05 February 2024
Consumers don’t appear to have been put off by the Cadbury maker’s moves to raise prices.
The combined group will have around €1bn ($1.08bn) in revenues, with production facilities across Italy, the US and France.
It is Vafo’s third deal in the last ten months.
Farmers in France angry at rising costs and cheap imports, have carried out days of protests and set up blockades on key transport routes.
Mondelez said 61 positions will be eliminated by mid-2026 at the plant.
Trek One takes the business over from private-equity group NextWorld Evergreen, Brian Fontana, operating partner and CFO at Trek One Capital told Just Food.
The EU is set to introduce “breakfast directives” that lay down rules on the composition, sales names, labelling and presentation of the products.
The proposed deal involves handing over the NaturNes, P'tit, Babicao and Babivanille products.
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