Mondelez International facts for kids
|
Formerly
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Kraft Foods Inc. |
|---|---|
| Public | |
| Traded as |
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| Industry |
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| Founded | December 10, 1923 (original company) Chicago, Illinois, U.S. October 1, 2012 (current form) |
| Founders |
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| Headquarters | Chicago, Illinois, U.S. |
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Area served
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Worldwide |
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Key people
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Dirk Van de Put (chairman |
| Products | Confectionery |
| Brands |
List
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| Revenue |  US$36.02 billion (2023) |
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Operating income
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US$5.502 billion (2023) |
| US$4.968 billion (2023) |
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| Total assets | US$71.39 billion (2023) |
| Total equity | US$28.37 billion (2023) |
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Number of employees
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91,000 (2023) |
| Subsidiaries |
Mondelez International is a huge company that makes many of your favorite snacks, chocolates, and drinks! It's a global company based in Chicago, USA. They sell their products in about 160 countries around the world.
The name "Mondelez" comes from the Latin word mundus, which means "world," and "delez," which sounds like "delicious." So, it's like "delicious world"!
This company makes all sorts of yummy things. This includes chocolates, cookies, biscuits, chewing gum, candies, and powdered drinks. You might know some of their famous brands like Oreo cookies, Milka chocolate, Cadbury chocolate, Toblerone, Trident gum, and Tang powdered drink.
Mondelez Canada also owns popular Canadian brands like Mr. Christie, Triscuits, and Dad's Cookies. Their main office in Canada is in Toronto, Ontario.
Contents
The History of Mondelez International
How it All Started
Mondelez International has a long history that goes back to a company called the National Dairy Products Corporation. This company was founded on December 10, 1923, by Thomas H. McInnerney and Edward E. Rieck. They first focused on the ice cream business in the United States.
In 1924, the Kraft Cheese Company was started. It quickly became a big name and was listed on the New York Stock Exchange. In 1928, Kraft bought Phenix Cheese Company, which made Philadelphia Cream Cheese. After this, the company changed its name to Kraft-Phenix Cheese Company.
In 1930, National Dairy bought Kraft Phenix. Even though they were now one big company, the Kraft Phenix part still worked pretty much on its own.
Becoming a Snack Powerhouse
For many years, the company was known as Kraft Foods Inc. In 2009, Kraft Foods tried to buy a famous British candy company called Cadbury. Cadbury makes popular chocolates like Cadbury Dairy Milk. At first, Cadbury said no to the offer, but after more talks, they agreed in January 2010. This was a very big deal, costing about $19.5 billion!
After buying Cadbury, Kraft Foods decided to make a big change. In August 2011, they announced they would split into two separate companies. One company would focus on snacks and international foods, and the other would focus on grocery products in North America.
This split happened in October 2012. The snack and international food company was named Mondelez International. The grocery business became a new company called Kraft Foods Group. Later, Kraft Foods Group joined with another company, Heinz, to form Kraft Heinz.
Growing Even Bigger
Mondelez International has continued to grow by adding more brands to its family.
- In 2014, they combined their coffee business with a Dutch company called Douwe Egberts. The new company was named Jacobs Douwe Egberts.
- In 2018, Mondelez bought Tate's Bake Shop, which is famous for its delicious cookies.
- In 2019, they acquired a majority share in Perfect Snacks, known for its refrigerated protein bars.
- In 2020, they bought Give & Go, a company that makes popular two-bite brownies.
- In 2021, Mondelez acquired Hu Master Holdings, known for its healthy snacks.
- Also in 2021, they bought Chipita S.A., a company famous for croissants and baked snacks in Europe.
- In 2022, Mondelez acquired Ricolino, a confectionery business from Grupo Bimbo.
- In June 2022, Mondelez announced they would buy Clif Bar, adding popular energy bars like Clif, Luna, and Clif Bar Kids to their products.
- In December 2022, Mondelez decided to sell its gum business, including brands like Trident and Dentyne, to another company called Perfetti Van Melle. This deal was completed in October 2023.
Where Mondelez International is Located
The main office for Mondelez International is in Fulton Market in Chicago, Illinois. They also have a North American headquarters in East Hanover, New Jersey, and an innovation center in Whippany, New Jersey.
Popular Mondelez International Brands
Mondelez International owns, licenses, or distributes many well-known brands around the world. Their main focus is on snack foods and confectionery (sweets). Even some products with the "Kraft" name are made by Mondelez in certain countries outside North America.
Some of their most famous brands include:
- Cookies and Crackers: Oreo, Chips Ahoy!, Belvita, Ritz, TUC, Triscuit, Nabisco, LU, Tate's Bake Shop.
- Chocolates: Milka, Côte d'Or, Toblerone, Cadbury, Freia, Marabou.
- Gum and Candies: Trident, Dentyne, Chiclets, Halls, Sour Patch Kids, Stride.
- Other Snacks and Drinks: Tang (powdered drink), Clif bars, Perfect Bar.
See also
In Spanish: Mondelēz International para niños
- List of Mondelez International brands
