Baking & Snacks

The acquisition will enable Baker & Baker to leverage its existing customer network and European footprint to expand Lazy Day Foods’ product offering and introduce its customer-facing brand to international markets.

The ingredient, created by maltogenic amylase technology, enhances moistness, softness and resilience throughout shelf life.

The company sources raw materials from more than 3,000 smallholder farmers across Uganda and sells to thousands of formal retail chains and informal market vendors.

Mondelēz International reported consolidated net revenues of US$9.97 billion, a 2.3% year-over-year increase from US$9.74 billion in the third quarter of the previous year.