ADVERTISEMENT

Last Updated:
2024-05-15 01:37:57

Mondelez International

American multinational confectionery company
American multinational confectionery company
Mondelez International, Inc., based in Chicago, operates in 160 countries. It was established in 2012, originating from Kraft Foods Inc. The company manufactures various snack foods, beverages, and confectionery products under popular brands like Oreo, Cadbury, and Tang.
1792
John Pearson establishes America’s first commercial bakery
In 1792, John Pearson establishes America’s first commercial bakery in Newburyport, Massachusetts, focusing on producing 'pilot bread' to sustain sailors on long voyages, marking a significant milestone in American baking history.
1801
Captain Josiah Bent introduces a new type of biscuit
In 1801, Captain Josiah Bent introduces a new type of biscuit in his Milton, Massachusetts bakery, which are the first to be called 'crackers,' possibly due to the cracking sound they make when eaten, showcasing an early innovation in biscuit production.
1889
New York Biscuit Company is formed
In 1889, the New York Biscuit Company is formed through the combination of various bakeries, marking a significant consolidation in the baking industry and the establishment of a major player in the market.
1898
National Biscuit Company is incorporated
In 1898, the National Biscuit Company (N.B.C.) is incorporated in New Jersey through the merger of American Biscuit & Manufacturing Company, New York Biscuit Company, and United States Baking Company, leading to the formation of a prominent entity in the biscuit industry.
1901
Nabisco name is first used
In 1901, the Nabisco name is first used with the introduction of Nabisco sugar wafers, marking the beginning of a renowned brand that would become synonymous with quality biscuits and snacks.
1903
Mondelez International Brands
Mondelez International's portfolio includes iconic brands such as Cadbury, Oreo, Toblerone, Milka, Trident, and Halls. These products are sold in various channels worldwide.
1923-12-10
Foundation of National Dairy Products Corporation
On December 10, 1923, Thomas H. McInnerney and Edward E. Rieck founded the National Dairy Products Corporation, which later played a significant role in the formation of Mondelez International.
1963
Introduction of Chips Ahoy!
Chips Ahoy! is an American biscuit brand famous for its crunchy chocolate chip cookies. Introduced in 1963, it has become one of the world's popular biscuit brands.
1965
Mondelez International acquires General Foods Corporation
In 1965, Mondelez International acquired General Foods Corporation, adding brands like Maxwell House coffee, Jell-O gelatin, and Birds Eye frozen foods to its portfolio.
1981
Nabisco acquires Life Savers, Inc.
In 1981, Nabisco acquires Life Savers, Inc., expanding its product portfolio and market presence through the acquisition of a well-known confectionery brand.
1985
R.J. Reynolds Industries acquires Nabisco Brands, Inc.
In 1985, R.J. Reynolds Industries acquires Nabisco Brands, Inc., creating the largest consumer goods company in the United States, marking a significant corporate acquisition.
1986
BSN acquires Général Biscuit France (GBF)
In 1986, the group BSN (Boussois-Souchon-Neuvesel) acquires Général Biscuit France (GBF), leading to further expansion of production, introduction of new brands, and entry into more international markets.
1988
Kraft merges with RJR Nabisco
In 1988, Kraft merged with RJR Nabisco in one of the largest leveraged buyouts in history.
1994
BSN changes its name to Danone Group
In 1994, BSN changes its name to Danone Group, marking a significant rebranding and transformation within the company.
2000
Kraft Foods acquires Nabisco Holdings Corporation
In 2000, Kraft Foods acquired Nabisco Holdings Corporation, adding brands like Oreo cookies, Ritz crackers, and Chips Ahoy! to its portfolio.
2007
Kraft Foods acquires Danone Group biscuit business
In 2007, Kraft Foods acquires the Danone Group biscuit business, including the LU family of brands, 36 plants, and operations in 20 countries, signifying a major acquisition in the food industry.
2009-09-07
Kraft's Hostile Takeover Bid for Cadbury
In September 2009, Kraft made a hostile £10.2 billion takeover bid for Cadbury, known for Dairy Milk and Bournville chocolate. The bid was later rejected by Cadbury, leading to increased tensions and public opposition.
2010-01-19
Cadbury Approves Revised Offer from Kraft
On January 19, 2010, Cadbury approved a revised offer from Kraft valued at £11.5 billion. This marked a significant development in the acquisition process between the two companies.
2011-08
Kraft Foods Announces Split into Two Companies
In August 2011, Kraft Foods announced plans to split into two publicly traded companies - Mondelez International, an international snack-food company, and Kraft Foods Group, a North American grocery company.
2012-10-01
Mondelez International Incorporation
Mondelez International was officially incorporated on October 1, 2012, but it has a history of over 100 years with well-known brands like Belvita, Chips Ahoy, and Oreo.
2014-05-06
Merger of Kraft's Coffee Business with Douwe Egberts
In 2014, Kraft announced a merger of its coffee business with Dutch firm Douwe Egberts, forming Jacobs Douwe Egberts. The merger was confirmed on May 6, 2014, and completed in July 2015.
2015-04
CFTC Allegations Against Mondelez International
In April 2015, the U.S. Commodity Futures Trading Commission alleged that Mondelez International and its former subsidiary engaged in buying wheat futures without intention of delivery, leading to price manipulation.
2016-06-30
Mondelez offers to buy Hershey
On June 30, 2016, Mondelez made a $23 billion offer to buy its smaller rival, Hershey. The offer was half-cash, half-stock, valuing Hershey stock at $107 a share. However, Hershey's board unanimously rejected the offer.
2017-01
Improved adjusted operating margin to 16.8%
In the first quarter of 2017, Mondelez saw an improvement in adjusted operating margin to 16.8%, with management expecting a mid-16% margin for the full year.
2017-08
Dirk Van de Put succeeds Irene Rosenfeld as CEO
In August 2017, it was announced that Dirk Van de Put, Belgian CEO of McCain Foods, would succeed Irene Rosenfeld as CEO of Mondelez in November 2017.
2018-05-06
Mondelez acquires Tate's Bake Shop
On May 6, 2018, Mondelez agreed to buy cookie maker Tate's Bake Shop for approximately $500 million. The acquisition was completed on June 7, 2018.
2019-06-19
Mondelez acquires majority interest in Perfect Snacks
On June 19, 2019, Mondelez agreed to acquire a majority interest in Perfect Snacks, owner of refrigerated protein bar Perfect Bar. The acquisition was completed on July 16.
2020-02-25
Mondelez acquires majority stake in Give & Go
On February 25, 2020, Mondelez announced the acquisition of a majority stake in Toronto-based Give & Go, a maker of two-bite brownies. The acquisition was completed on April 3, 2020.
2021-05-26
Mondelez acquires Chipita S.A.
On May 26, 2021, Mondelez announced an agreement to acquire Greek snack company Chipita S.A., known for its croissants and baked snacks. The acquisition was completed on January 3, 2022.
2022-02-24
Mondelez responds to Russian invasion of Ukraine
After the Russian invasion of Ukraine on February 24, 2022, Mondelez announced reducing non-core activities and halting new investments in Russia. Despite this, the company was listed among those continuing business in Russia by March 12, 2022.
2022-05-10
Mondelez to sell gum business
On May 10, 2022, Mondelez announced plans to sell its gum business, including Trident, Dentyne, and Halls cough drops, in developed markets.
2022-12-19
Mondelez sells gum business to Perfetti Van Melle
On December 19, 2022, Mondelez announced the sale of its gum business, including Trident, Dentyne, Chiclets, and Stride brands, to Perfetti Van Melle, makers of Mentos. The deal closed on October 2, 2023.
2023-04-25
Mondelez International's Stock Price
As of April 25, 2023, Mondelez International's stock price was $72.92 per share. The stock price can vary due to market conditions, investor sentiment, and company performance.
2023-05-25
Mondelez declared international sponsor of war by Ukraine's NACP
On May 25, 2023, Ukraine's NACP labeled Mondelez International as an international sponsor of war, citing the profit increase of Mondelez's Russian branch in 2022. This led to boycotts from Nordic countries, football associations, and protests by some employees in Eastern Europe.
End of the Timeline
Mondelez International

Information

Mondelez International

American multinational confectionery company
Last Updated:

Event

Last Updated: