The main owner of US chocolate maker Hershey Co. (HSY) has rejected a preliminary takeover offer from Mondelez International Inc. (MDLZ), potentially ending a fresh pursuit that would've created a food giant with combined sales of almost $50 billion. This is according to people familiar with the matter. Bloomberg News' Liana Baker speaks with Scarlet Fu on Bloomberg Markets.
Mondelez International, Inc. is one of the world's leading food processing groups. Net sales break down by family of products as follows:
- cookies and snacks (48.8%): Barni, belVita, Chips Ahoy, Club Social, Enjoy Life Foods, Honey Maid, Kinh Do, LU, Oreo, Prince, Ritz, Tate's Bake Shop, Tiger, Triscuit, TUC, Wheat Thins, etc. brands;
- chocolates (30.9%): 5 Star, Alpen Gold, Cadbury, Cadbury Dairy Milk, Côte d'Or, Daim, Freia, Hu, Lacta, Marabou, Milka, Toblerone, etc. brands;
- chewing gums and candies (11.1%): Halls, Clorets, Maynards Bassett's, Sour Patch Kids, Stride, etc. brands;
- cheese and grocery products (6.2%);
- beverages (3%): juices, teas and powdered beverages (Tang brand) and malted beverages (Cadbury Bournvita).
At the end of 2024, the group had 147 manufacturing sites worldwide.
Net sales are distributed geographically as follows: the United States (26%), North America (4%), Europe (36.5%), Asia/Pacific/Middle East/Africa (20%) and Latin America (13.5%).
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