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BREAKING NEWS

Mondelez to buy Cadbury biscuits license from Burton's

By REUTERS

AUGUST 12, 2016 15:20

Cadbury chocolate owner Mondelez International is to buy the license to sell Cadbury branded biscuits around the world from Burton's Biscuit Co, the U.S. company said on Friday.

"The transaction will help us to unify and expand our global Cadbury biscuits portfolio in key markets and enable us to explore delicious new products by using the best of our chocolate and biscuit innovation platforms," said Hubert Weber, head of Mondelez Europe.

Financial terms were not disclosed.

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