Mondelēz International invests in snacking company Hu
Mondelēz International has made a minority investment in Hu Master Holdings, the parent company of both Hu Products and Hu Kitchen, a fast-growing U.S.-based snacking company offering minimally processed, high-quality snacks.
Mondelēz International has made a minority investment in Hu Master Holdings, the parent company of both Hu Products and Hu Kitchen, a fast-growing U.S.-based snacking company offering minimally processed, high-quality snacks. This is the second venture investment Mondelēz International is making as part of SnackFutures, its innovation and venture hub aimed at unlocking snacking growth opportunities around the world. This investment falls into two of SnackFutures’ high-growth strategic priorities: well-being and premium.
“As the global snacking leader, we’re on a mission to lead the future of snacking and push the boundaries of what’s possible. Investing in Hu offers our company an opportunity to do exactly that,” said Tim Cofer, executive vice president and chief growth officer of Mondelēz International. “The Hu brand sits at the convergence of key growing consumer trends. Building on its initial success in chocolate, we believe there’s an exciting opportunity to continue expanding the Hu proposition into a broad health-focused snacking platform across categories. And, with an in-house test kitchen and insights lab, they have a unique ability to quickly test and learn.”