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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.
