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Mondelez to Buy European Snack Maker Chipita for $2 Billion

  • The purchase boosts the snack giant’s presence in Europe
  • Greece-based Chipita makes croissants and baked goods
Oreo Cookies are seen May 13, 2003 in San Francisco. (Photo by Justin Sullivan/Getty Images)

Oreo Cookies are seen May 13, 2003 in San Francisco. (Photo by Justin Sullivan/Getty Images)

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Mondelez International Inc., the packaged-food giant known for Oreo cookies and Ritz Crackers, agreed to buy European snack maker Chipita SA for about $2 billion.

Chipita had about $580 million in revenue in 2020 and has “a proven track record of consistent growth from its portfolio of croissant and baked snack brands,” Mondelez said in a statement. The company, which is based in Greece, employs about 5,100 workers and produces in 13 plants. Its goods are delivered to more than 50 countries. Rothschild & Co. advised Chipita on the deal.