Oreo Cookie Maker Mondelēz To Acquire Majority Stake In Refrigerated Bars Company Perfect Snacks

In this photo illustration is seen the logo of Mondelez International is seen on a screen next to a colorful illustration of money and the stock market. The company is one of the biggest food companies in the world. (Photo illustration by Alexander Mondelēz has announced plans to acquire a majority interest in Perfect Snacks, a fast-growing refrigerated nutrition bars company that generated around $70m in net revenue in 2018. Perfect Snacks, known for its organic, non-GMO and nut butter-based ingredients, were launched by Bill Keith along with six of his 13 siblings in 2005 after their father was diagnosed with cancer. They hoped to use the brand to support their family. Its product range has since expanded from the original Perfect Bar to Perfect Kids refrigerated snack bars and Perfect Bites refrigerated protein snacks. “We are so excited to be joining the Mondelēz International family,” Keith said in a statement. “We believe Mondelēz International’s purpose, to ‘empower people to snack right,’ aligns very well with why we started this brand and this business.” The deal, which is expected to close later this summer following regulatory review, came after the U.S. snacks giant...

Almond partners with EVRYTHNG to reward consumers who buy ‘responsible products’ Menu Back to Back to Back to Back to Back to Back to Back to Send Follow us on Facebook Follow us on Twitter Follow us on LinkedIn Send contact Email to a friend Facebook Twitter Linkedin Tip a friend

Oliver Bolton created Almond in 2017 as an economic framework to incentivize consumers to buy sustainable products, offer transparency around the supply chain and help responsible brands grow their sales.  Speaking at the recent AIPIA (Active, Intelligent Packaging Industry Association) World Congress​ in Amsterdam last month, Bolton introduced his company to the audience alongside Niall Murphy, co-founder/CEO, EVRYTHNG. FACT is the first brand Almond created followed by What a Melon this year, with plans for more brands in the future. “Every FACT can tells the product’s story – where, when and how it was farmed, where and when it was packaged, and its journey to store. It shares its carbon footprint, based upon the journey the ingredients and the finished product​,” said Bolton. “The Almond ‘economy’ is a decentralized IoT (Internet of Things) ecosystem that financially incentivizes consumers to buy responsible products and reduce their negative impact​. “It is a live app on the Android and iOS store, and consumers get tokens for scanning a ringpull on a can and can download the product details.​ “The benefits are cash rewards. We are planning to make a real change by converti...