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Mondelez to Acquire Clif Bar for $2.9 Billion

Deal adds Clif Bar, Luna and Clif Kid brands to global snack maker’s food business

Mondelez said it would continue to operate the Clif Bar business from its headquarters in Emeryville, Calif.PHOTO: SMITH COLLECTION/GADO/GETTY IMAGES

Updated June 20, 2022 6:05 pm ET

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Mondelez International Inc. said it would acquire Clif Bar & Co. for at least $2.9 billion, in a deal that adds the brands Clif Bar, Luna and Clif Kid to Mondelez’s food business.

The global food giant said Monday that it would continue to operate Clif Bar’s business out of the company’s headquarters in Emeryville, Calif., and would continue to manufacture products out of facilities in Indiana and Idaho.

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