Skip to content

Mondelez Agrees to Purchase Energy-Bar Maker Clif for $2.9 Billion

  • Price is $2.9 billion with contingent earnout consideration
  • Purchase to be ‘top-line accretive’ in year two, company says
The Artists Project Giveback Day

Photographer: Michael Bezjian/Getty Images

Updated on

Mondelez International Inc. said it agreed to buy US organic energy-bar maker Clif Bar & Co. as part of its plan to boost its snacks segment. 

The Chicago-based maker of Oreos and Cadbury chocolates will buy Clif for $2.9 billion, according to a statement Monday. Further payments may be possible, contingent on events that weren’t specified -- a clause known as an additional contingent earnout consideration, the statement showed.