date:Feb 27, 2020
US-based company Mondelēz International has signed an agreement to acquire a majority stake in Give Go Prepared Foods, a Canadian producer of baked goods.
Mondelez International finance the acquisition through funds affiliated with Thomas H Lee Partners.
Neither party has divulged any financial details.
It expects to complete the deal in the second quarter of 2020.
Through this acquisition, Mondelēz International intends to improve its presence in the wider snacking sector.
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