M&A Deal Summary

Mondelez International Acquires Grupo Bimbo - Ricolino

On April 25, 2022, Mondelez International acquired food company Grupo Bimbo - Ricolino from Grupo Bimbo S.A.B. de C.V. for 1.3B USD

Acquisition Highlights
  • This is Mondelez International’s 14th transaction in the Food sector.
  • This is Mondelez International’s 5th largest (disclosed) transaction.
  • This is Mondelez International’s 1st transaction in Mexico.

M&A Deal Summary
Date 2022-04-25
Target Grupo Bimbo - Ricolino
Sector Food
Buyer(s) Mondelez International
Sellers(s) Grupo Bimbo S.A.B. de C.V.
Deal Type Divestiture
Deal Value 1.3B USD

Target

Grupo Bimbo - Ricolino

Mexico
Ricolino has four manufacturing facilities and distributes its products to several channels, including traditional trade, supermarkets, convenience stores, and others. Its iconic brands Ricolino, Vero, La Corona, and Coronado are leaders in lollipops, marshmallows, chocolates, gummies, and other confectionery products.

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Buyer(S) 1

Buyer

Mondelez International

Chicago, Illinois, United States
Category Company
Founded 2000
Sector Food
Employees91,000
Revenue 36.0B USD (2023)
DESCRIPTION

Mondelez International is a multinational confectionery, food, and beverage company. Mondelez was established in 2000 and is based in Chicago, Illinois.

DEAL STATS #
Overall 16 of 18
Sector (Food) 14 of 16
Type (Divestiture) 4 of 4
Country (Mexico) 1 of 1
Year (2022) 1 of 2
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-31 Gourmet Food

Dandenong South, Australia

Gourmet Food manufactures, imports, and distributes premium crackers, sugar-free biscuits, and chilled and packaged seafood in Australia, New Zealand and other overseas markets. Gourmet Food is based in Dandenong South, Australia.

Buy AU$454M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-20 Clif Bar

Emeryville, California, United States

Clif Bar provides crafted nutritious and organic food for CLIF®, CLIF Kid®, and LUNA® brands. Clif Bar was founded in 1992 and is based in Emeryville, California.

Buy $2.9B

Seller(S) 1

SELLER

Grupo Bimbo S.A.B. de C.V.

Mexico
Category Company
Founded 1945
Sector Food
DESCRIPTION

Grupo Bimbo, S.A.B. de C.V. is a provider of baking companies in the world in terms of production and sales volume. As the market leader in the Americas, Grupo Bimbo has 144 plants and more than 1,600 distribution centers strategically located in 19 countries throughout the Americas, Europe and Asia. Its main product lines include sliced bread, buns, cookies, snack cakes, English muffins, bagels, pre-packaged foods, tortillas, salted snacks and confectionery products, among others.

DEAL STATS #
Overall 2 of 2
Sector (Food) 1 of 1
Type (Divestiture) 2 of 2
Country (Mexico) 2 of 2
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-29 Kanan Smart Solution

Lerma de Villada, Mexico

Kanan Smart Solution focuses on the development of artificial intelligence and X-ray inspection technology. Kanan Smart Solution is based in Lerma de Villada, Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-06 Pagnifique

Miramar, Florida, United States

Pagnifique is a producer of frozen bread and pastries in Uruguay. Pagnifique was founded in 1994 and is based in Miramar, Florida.

Buy -
Mergr

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