News

Mondelez buys majority of Vietnamese snacks company

By Sun-Times Wire

Mondelez International will pay $370 million for a majority stake in Kinh Do Corp., a leading snacks business in Vietnam.

The Deerfield-based cookie, candy and snack-food maker will control 80 percent of Kinh Do.

Kinh Do makes snack cakes, biscuits and crackers that Mondelez says will complement its Oreo, Cadbury and Ritz brands.

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