Mondelez International acquires Clif Bar for $2.9 billion
TWIN FALLS, Idaho (KMVT/KSVT) — One of Twin Falls’ most well-known businesses is poised for a change.
Mondelez International will be acquiring Clif Bar & Company in a $2.9 billion deal.
Well-known brands Oreo, Ritz and Cadbury are among the Mondelez portfolio and are marketed in more than 150 countries.
The company says they will continue to operate the Clif Bar & company business, including their facility in Twin Falls.
Clif Bar CEO Sally Grimes said: “Mondelez International is the right partner at the right time to support clif in our next chapter of growth.”
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