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Thank you. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, May 4th.

Snack food giant, Mondalese International's portfolio is growing, this time south of the

border. The company behind Oreos and Sour Patch Kids is set to acquire a key brand for a Mexican

confectionery giant Grupo Bimbo for $1.3 billion. The deal means that Bimbo's confectionary business, Ricolino, and its

Vero, La Corona, and Coronado brands now belongs to Mondalese. The acquisition will double the size

of Mondalise's business in Mexico. It also gives Mondalise an attractive entry point to the chocolate

category, according to Food

Navigator USA. Ricolino's chocolate and candy brands have been mainstays in the Mexican

market for 50 years. And with Mondalese taking charge of Bimbo's confectionary brands,

Grupo Bimbo can now focus more on its specialty, baking. Bimbo is the largest baking company in the world

and counts Thomas's English muffins and Entemans donuts among its U.S. brands.

...