Camil Alimentos completed the acquisition of Mabel from Pepsico.

Camil Alimentos, a consumer goods company, completed the acquisition of Mabel, a cookie maker, from Pepsico, a food and beverage company. Financial terms were not disclosed. The deal includes biscuit brands Mabel, Doce, Mirabel, Elbi’s and Pavesino. It also covers a ten-year licencing contract with PepsiCo for the Toddy brand of cookies and the associated production line, although the brand itself does not feature in the purchase agreement. “This acquisition, together with the acquisitions made of new categories and countries in 2021, again reinforces the company's expansion strategy of identifying, acquiring and integrating operations and strategic assets to expand the portfolio of brands and products in Latin America, giving preference to leading brands in the market," Camil Alimentos.