Mondelez to Buy Mexican Breadmaker Bimbo's Ricolino for US$ 1,3 Billion
KONTAN.CO.ID - Mondelez International Inc said on Monday it would buy breadmaker Grupo Bimbo's confectionery business, Ricolino, for around US$ 1,3 billion. The Toblerone chocolate maker plans to expand in Mexico.
Several US packaged food makers have been making big acquisitions in recent months as they strive to keep sales levels elevated after seeing demand skyrocket during the height of the pandemic when people hardly went to restaurants.
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