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Announced

Mondelez to acquire Hu Master for $250m.

Financials

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Transaction Value£183m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Single Bidder

catering services

Pending

United States

Majority

Acquisition

Catering

Domestic

Friendly

Synopsis

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Mondelez, a food and beverage company, agreed to acquire the remaining stake in Hu Master, a provider of food catering services, for $250m. Mondelez which took a minority stake in Hu Master in 2019, is planning to acquire the rest in a transaction that values Hu at around $340m. Hu Master makes a popular chocolate bar based on the paleolithic diet that Is vegan and free of soy and refined sugar.

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