Tate’s Bake Shop acquired by Mondelēz International
Mondelēz International acquired Tate’s Bake Shop, a US cookies and baked goods brand, on Jun 7, 2018.
Transaction summary
- Target
- Tate’s Bake Shop
- Acquirer
- Mondelēz International
- Seller
- -
- Announced
- 2018-05-06
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-21
Value and multiples
100% enterprise value
USD 500M
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 500M
Approximately USD500m originally announced purchase price; later finalized price USD527m retained in notes.
Basis
- Mondelēz originally announced a price of approximately USD 500m, used as the estimated whole-company EV. The deal closed on June 7, 2018; the purchase price was finalized at USD 527m in Q2 2019. The reported USD 52m of incremental net revenue and USD 7m of operating income in 2018 cover only the part of the year after the acquisition, not full-year standalone results. Operating income is not EBITDA, and no standalone revenue or EBITDA is available, so no operating multiple is calculated.
Source summary
Mondelēz International to Acquire Tate’s Bake Shop
Confirmedto acquire Tate’s Bake Shop for approximately $500 million
Open sourceMondelēz International 2018 Form 10-K
ConfirmedThe acquisition added incremental net revenues of $ 52 million and incremental operating income of $ 7 million in 2018.
Open sourceMondelēz International 2019 Form 10-K
Confirmedwe finalized the purchase price at $ 527 million
Open sourceMondelēz International to Acquire Tate’s Bake Shop | Mondelēz International, Inc.
ConfirmedMay 6, 2018 at 9:12 PM EDT
Open sourceDocument
ConfirmedOn June 7, 2018, we acquired a U.S. premium biscuit company, Tate’s Bake Shop
Open sourceDocument
ConfirmedThe acquisition added incremental net revenues of $ 52 million and incremental operating income of $ 7 million
Open sourceDocument
Confirmedduring the second quarter of 2019, we finalized the purchase price at $ 527 million
Open sourceContinue your research
Related transaction comps
Clif Bar & Company acquired by Mondelēz International
2022-06-20 · Confirmed
View transaction → Same buyer / investorHu Master Holdings (Hu Products) acquired by Mondelēz International
2021-01-05 · Confirmed
View transaction → consumer servicesFirehouse Restaurant Group Inc. (Firehouse Subs) acquired by Restaurant Brands International Inc.
2021-11-15 · Confirmed
View transaction → consumer servicesIMO Car Wash acquired by Franchise Equity Partners
2025-12-02 · Confirmed
View transaction →