DEERFIELD, Ill. — Mondelēz International inked an agreement with Burton’s Biscuit Co. to purchase the license that enables the chocolate and snack company to manufacture, market and sell Cadbury-branded biscuits around the world, including the U.K., France, Ireland, North America and Saudi Arabia.
The deal is subject to regulatory approval.
"Ownership of the Cadbury biscuits license offers us exciting opportunities to accelerate global growth and innovation, as we expand our leading position in biscuits, globally and in Europe," said Hubert Weber, executive vice president and president, Mondelēz Europe. "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."
Mondelēz and Burton’s Biscuit Co. have agreed that Cadbury-branded biscuits will continue to be manufactured in Burton’s factories by their employees under a co-manufacturing agreement.
The companies will not disclose financial terms of the transaction.
Burton’s Biscuit Co. is the only major biscuit manufacturer in the U.K. It operates three main manufacturing facilities in Llantarnam, Edinburgh and Blackpool.
Deerfield-based Mondelēz International is known for its biscuits, chocolate, gum, candy and powdered beverages. Its brands include Oreo, Nabisco biscuits and Trident Gum.