Georgalos buys back Mantecol brand

Georgalos buys back Mantecol brand

Corporate & Sovereign Strategy M&A Argentina United States

Argentine food maker Georgalos said it signed an agreement with Chicago-based Mondelēz International to buy a production plant and a number of brands it had sold more than two decades ago, including the popular peanut butter nougat bar Mantecol. Georgalos will also recover rights to produce and market the Bazooka chewing gum brand, as well as the candies Jirafa, Lengüetazo and Palitos de la Selva with the acquisition of the manufacturing center in Victoria, Buenos Aires province, the company sai

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