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Mondelez to buy majority stake in Undercover

PUBLIC · MDLZOct 29, 2026

Acquiring Company

Mondelēz International

Acquired Company

Undercover Snacks

ChicagoNew JerseyFood and BeverageFood And BeverageHospitalityRetailFood and BeverageHospitality

Description

Mondelez International has agreed to acquire a majority stake in Undercover Snacks, a New Jersey maker of chocolate-covered quinoa snacks. The deal was disclosed with Mondelez's fiscal 2026 third-quarter results on October 29 and is expected to close in early 2027. Financial terms were not disclosed, and founder Diana Levy will continue to lead Undercover as a stand-alone business within Mondelez's North America Ventures unit.

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Company Information

Company

Mondelēz International

Location

Chicago, Illinois, United States

About

Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2022 net revenues of approximately $31 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Standard and Poor’s 500, Nasdaq 100 and Dow Jones Sustainability Index.

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Frequently asked

Who acquired Undercover Snacks?

Undercover Snacks was acquired by Mondelēz International, based in Chicago. The deal was reported on October 29, 2026. Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. Mondelēz International is publicly traded (MDLZ) and operates in Food and Beverage.

When did Mondelēz International acquire Undercover Snacks?

Mondelēz International's acquisition of Undercover Snacks was reported on October 29, 2026. Mondelez International has agreed to acquire a majority stake in Undercover Snacks, a New Jersey maker of chocolate-covered quinoa snacks. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Undercover Snacks do?

Undercover Snacks is a fast-growing snack brand known for creating delicious and healthier snack options, such as chocolate quinoa crisps. They focus on integrating high-quality, nutrient-dense ingredients and driving innovation within the snack industry. It is privately held, operating in Food and Beverage, and is based in New Jersey.

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