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Mondelez International acquires Clif Bar for $2.9 billion

Boxes of Clif Bars (KMVT/Ricardo Coronado)
Boxes of Clif Bars (KMVT/Ricardo Coronado)(KMVT)
Published: Jun. 22, 2022 at 3:28 PM MDT
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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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