Clif tops off Mondelēz snack bar business

Mondelēz International has expanded its global snack bar business to more than $1 billion after acquiring energy bar maker Clif Bar & Company for $2.9bn. The acquisition of on-trend brands including Clif, Luna and Clif Kid, adds to Mondelēz’s complementary snack business, in addition to its refrigerated snacking business Perfect Snacks in the US and…