Mondelēz International has acquired Grupo Bimbo’s Ricolino confectionery business for about $1.3 billion to double the size of its Mexican business and further boost its international portfolio.
The purchase involves four manufacturing plants employing approximately 6,000 people.
Ricolino is a confectionery company that makes chocolate, candies, lollipops, and other treats. Vero, La Corona, and Coronado are among the company's more than 50-year-old brands.
Bimbo will be able to focus on its core skill of grain-based goods as a result of the deal.


TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
Australia’s December Trade Surplus Expands but Falls Short of Expectations
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
Thailand Inflation Remains Negative for 10th Straight Month in January
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 



