Mondelez International to acquire Ricolino from Grupo Bimbo

Ricolino is a growing business with a leading confectionery position in Mexico.

The acquisition will transform Mondelez International’s business in the high-priority Mexico market to accelerate growth and scale in core snacking categories. With approximately USD 500 m in annual revenue, Ricolino employs close to 6,000 employees, has four manufacturing facilities and distributes its products to several channels, including traditional trade, supermarkets, convenience stores and others. Its iconic brands Ricolino®, Vero®, La Corona® and Coronado® are leaders in lollipops, marshmallows, chocolates, gummies and other confectionery products.

The acquisition will double the size of Mondelez Mexico’s business and provide an attractive entry point into the chocolate category, while expanding the company’s presence in snacking. It also provides significant opportunities for synergies and accelerated growth. “This acquisition will provide a step change for our business in Mexico, an important growth market for us, more than tripling our routes to market and growing our position in core snacking categories,” said Dirk Van de Put, Chairman and CEO of Mondelez International.

The transaction, which is subject to customary closing conditions, will be funded through an issuance of debt and cash on hand and is expected to close in late Q3 or early Q4 2022.