mondelez international, inc. ( mohn-də-leez), styled as mondelēz international, is an american multinational confectionery, food, holding, beverage and snack food company based in chicago.mondelez has an annual revenue of about $26 billion and operates in approximately 160 countries.it ranked no.108 in the 2021 fortune 500 list of the largest united states corporations by total revenue.the company has its origins as kraft foods inc., which was founded in chicago in 1923.the present enterprise was established in 2012 when kraft foods was renamed mondelez and retained its snack food business, while its grocery business was spun off to a new company called kraft foods group.the name is derived from the latin word mundus ('world') and delez, a fanciful modification of the word 'delicious.'the mondelez international company manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages.mondelez international's portfolio includes several billion-dollar components, among them cookie and cracker brands belvita, chips ahoy!, oreo, ritz, tuc, triscuit, lu, club social, sour patch kids, barny, and peek freans; chocolate brands milka, côte d'or, toblerone, cadbury, green & black's, freia, marabou, fry's, lacta, and alpen gold; gum and cough drop brands trident, dentyne, chiclets, halls, and stride; as well as tate's bake shop cookies and powdered beverage brand tang.mondelez canada holds the rights to christie brown and company, which consists of brands such as mr. christie, triscuits, and dad's cookies.its head office is in mississauga, ontario, with operations in toronto, hamilton, ontario and montreal, quebec.the firm was initially set up to execute on a rollup strategy in the fragmented united states ice cream industry.in 1924, kraft cheese company was founded and was listed on the chicago stock exchange.two years later, it was listed on the new york stock exchange.in 1928, it acquired phenix cheese company, the maker of a cream cheese branded as philadelphia cream cheese, founded by jason f. whitney sr. and the company changed its name to kraft-phenix cheese company.in 1930, national dairy acquired kraft phenix.after the acquisition, the combined company retained the national dairy name and management, though the kraft phenix side of the company continued to operate largely independently.on september 7, 2009, kraft made a hostile £10.2 billion takeover bid for the british confectionery group cadbury, makers of dairy milk and bournville chocolate.on november 9 the company's bid (then £9.8 billion) was rejected by cadbury, which called it a 'derisory' offer.kraft upped its offer on december 4.it had significant political and public opposition in the united kingdom and abroad, leading to a call for the government to implement economic protectionism in large-company takeovers.on january 19, 2010, cadbury approved a revised offer from kraft which valued the company at £11.5 billion ($19.5 billion).some funds for the takeover were provided by the royal bank of scotland, the partially state-owned british bank.cadbury sales were flat after kraft's acquisition.despite the cadbury takeover helping to boost overall sales by 30 percent, kraft's net profit for the fourth quarter fell 24 percent (to $540 million) due to costs associated with integrating the uk business after the acquisition.kraft spent $1.3 billion on integration to achieve an estimated $675 million in annual savings by the end of 2012.kraft increased prices to offset rising commodity costs for corn, sugar, and cocoa in north america and europe.according to rosenfeld, 'we expect it will remain weak for the foreseeable future.'taking into account integration costs, the acquisition reduced kraft's earnings per share by about 33% immediately after the cadbury purchase.the split was completed in october 2012.it was structured so that kraft foods changed its name to mondelez international and spun off kraft foods group as a new publicly traded company.
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