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The deal also saw Premier take the license for production of Cadbury brand biscuits and drinking chocolate. [23] In 1988, Cadbury US was sold to Hershey for $300 million. [24] In 1986, Schweppes switched its alliance in the UK from Pepsi to Coca-Cola, taking a 51 percent stake in the joint venture Coca-Cola Schweppes. [23]
Cadbury, formerly Cadbury's and Cadbury Schweppes, is a British multinational confectionery company owned by Mondelez International (spun off from Kraft Foods) since 2010. It is the second-largest confectionery brand in the world, after Mars . [ 3 ]
On May 6, 2018, Mondelez agreed to buy cookie maker Tate's Bake Shop for approximately $500 million. [34] The acquisition was completed on June 7, 2018. [35] On June 19, 2019, Mondelez agreed to acquire a majority interest in Perfect Snacks, owner of refrigerated protein bar Perfect Bar. [36] The acquisition was completed on July 16. [37]
Maynards Bassetts is a UK brand of confectionery owned by Mondelez International, introduced in 2016. [1] The brand was created to merge its existing Maynards and Bassett's brands, which the company came to own following its purchase of Cadbury in 2010.
The British chocolate giant celebrated its 200th anniversary earlier this year, after founder John Cadbury opened a grocer's shop selling cocoa and drinking chocolate in Birmingham on 4 March 1824.
Shares in US chocolate maker Hershey have jumped by more than 10% after a report that Mondelez International, which owns UK-based Cadbury, has approached the firm about a potential buyout. A deal ...
Citing that confections is a "noncore" business, [5] Pfizer sold its Adams portfolio to Cadbury for $4.2 billion [8] in 2002, who beat Nestle in a bidding war. [9] [10] Mondelez International, then called Kraft Foods, made a hostile takeover of Cadbury in 2010 for $19.5 billion. [11]
Shares of Hershey, which has a market capitalization of about $35 billion, rose as much as 19% to $208.03, while those of Mondelez were down about 4% in morning trading. Mondelez, which is valued ...