Tate’s Bake Shop acquired by Mondelēz International
Mondelēz International acquired Tate’s Bake Shop, a US cookies and baked goods brand, on May 6, 2018.
Transaction summary
- Target
- Tate’s Bake Shop
- Acquirer
- Mondelēz International
- Seller
- -
- Announced
- 2018-05-06
- Geography
- United States
- Tags
- ConsumerConsumer ServicesCookiesCookies And Baked GoodsFood & Beverage
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-04
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
- USD 500m enterprise value is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Originally announced at approximately USD500m, used as estimated whole-company EV under FCR-211. The deal closed June7,2018; purchase price was finalized at USD527m in Q2 2019. Reported USD52m incremental net revenue and USD7m operating income during2018 reflect partial-year acquired contribution, not full-year standalone results. Operating income is not EBITDA. No operating multiple is calculated. 2018 incremental net revenues and incremental operating income attributable to the acquisition; no standalone revenue or EBITDA denominator.
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 source