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Chipita

Full company profile

uuid003j7l9

Namestring
Chipita
Legal namestring
Chipita S.A.
Websiteurl
chipita.com
Company typeenum
Private
Founded yearint
1982
Operating statusenum
Acquired
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersMetamórfosi, Greece
HQ citystring
Metamórfosi
HQ countrystring
Greece
HQ regionstring
Europe
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
packaged baked snacks, croissant production, chocolate confectioneries, flour-based snacks, snack manufacturing
Industry2 codes
1Specialty Snack Foods Manufacturing (Ethnic/Regional, Gourmet, Functional)
CodeAFAKAIAOPrimaryYes
2Pretzels & Savory Baked Snacks Manufacturing
CodeAFAKAIADPrimaryNo
NAICS code3 codes
  • Bread and Bakery Product Manufacturing31181
  • Sugar and Confectionery Product Manufacturing3113
  • Snack Food Manufacturing31191
SIC code2 codes
  • Bakery Products2050
  • Sugar & Confectionery Products2060
Product category
Packaged Baked Snacks
Social media profiles1 record
Cost components4 values
Supply Chain, Operations, Personnel, Marketing or Sales
GTM typeB2C
B2C
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 3 records shown
17Days
Description

Croissant and baked snack brand acquired by Mondelēz International as part of the Chipita acquisition.

mondelezinternational.com
+2 more records
Core offering1 text field

Chipita produces and markets flour-based snacks and chocolate confectioneries, with a primary focus on packaged croissant and baked snack products sold under its brand portfolio of 7Days, Chipicao, and Fineti. The company manufactures ready-to-eat baked snacks and chocolate spreads for consumer retail purchase, with operations concentrated across Central and Eastern European markets.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Chipita operates as a baked snacks company that was acquired by Mondelez International on January 3, 2022. The company specializes in producing packaged croissant and baked snacks, with a portfolio of brands including 7Days, Chipicao, and Fineti. Founded in Greece 40 years ago, Chipita grew to become one of the largest producers of salty and sweet snacks in Central and Eastern Europe with approximately $580 million in revenue in 2020. Under Mondelez ownership, Chipita brands are integrated into the company's Baked Snacks category alongside other acquired and owned brands like CLIF and Perfect Snacks.

Product and service3 records
17Days
CategoryPackaged baked snacks / croissants
Description

A leading Chipita brand of packaged croissant and baked snacks with strong consumer presence across Central and Eastern European markets, targeting retail consumers of convenient ready-to-eat snack products.

2Chipicao
CategoryChocolate-flavored snacks / confectionery
Description

A Chipita brand of chocolate-flavored snack products popular in Central and Eastern Europe, sold to retail consumers as part of the company's packaged snack and confectionery portfolio.

3Fineti
CategoryChocolate and hazelnut spreads
Description

A Chipita brand offering chocolate and hazelnut spread products, part of the company's confectionery and baked snacks portfolio targeting retail consumers.

Scale indicator4 records

Each record includes

Type, Value, Description, Source

Partnership1 partner
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2022-01-03
Description

Mondelez International acquired Chipita on January 3rd, 2022 as a bolt-on acquisition. The deal brings together Chipita's croissant and baked snack brands like 7Days with Mondelez's iconic international brands such as Cadbury and Milka. This acquisition is an important milestone in MDLZ's strategic plan focused on accelerating growth and becoming a global leader in snacking and core snacking adjacencies.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeRegional player
Description

US-focused branded baked snacks company (Twinkies, Hostess, Donettes). Comparable on packaged sweet baked-snack format and category dynamics, though primarily North American rather than competing directly in Chipita's CEE base.

TypeBroad incumbent
Description

Global confectionery and spreads group (Nutella, Kinder, Ferrero Rocher) that overlaps directly with Chipita's chocolate-hazelnut spread (Fineti) and chocolate snacks (Chipicao) while operating at much broader scale.

TypeRegional player
Description

Scottish branded shortbread and baked-snack producer exporting globally. Comparable to Chipita on branded, premium-positioned baked snacks with international distribution, but smaller scale and primarily UK/Atlantic-focused.

TypeBroad incumbent
Description

Global snacking conglomerate (Cadbury, Milka, Oreo, belVita) and Chipita's parent since 2022. Broader incumbent offering overlapping baked/biscuit and chocolate categories with Chipita, but across a far wider portfolio and geography.

TypeDirect peer
Description

German branded biscuit and baked snack maker (Pick Up, Leibniz, etc.). Directly comparable to Chipita as a regional branded baked-snacks manufacturer with multi-country European distribution and similar product format (portable packaged baked snacks).

TypeBroad incumbent
Description

World's largest baked goods company, spanning breads, buns, pastries, and packaged snacks across the Americas, Europe, and Asia. Comparable to Chipita as a global branded bakery/snacks incumbent with packaged, multi-country distribution.

TypeDirect peer
Description

Belgian branded baked-snacks company built around Biscoff and natural/nutriment brands. Directly comparable to Chipita on branded baked-snack portfolio, European-centric distribution, and category leadership in sweet baked snacks.

TypeBroad incumbent
Description

Italian global bakery/pasta group with adjacent sweet baked snacks and biscuit lines (Pan di Stelle, Mulino Bianco). Comparable to Chipita as a European branded baked-goods incumbent with multi-country packaged-snack distribution.

TypeDirect peer
Description

Global biscuits and baked snacks group behind McVitie's, Carr's, and Jacob's. Directly comparable to Chipita on branded biscuits/baked snacks portfolio, multi-country European footprint, and similar supermarket-channel go-to-market.

TypeBroad incumbent
Description

Largest global packaged food company with a sizable confectionery and snacks portfolio. Comparable as a broad incumbent competing across chocolate, biscuits, and baked snack categories in which Chipita participates.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Chipita

Packaged Baked Snackschipita.com

Chipita firmographics

Firmographics
Name
Chipita
Legal name
Chipita S.A.
Website
https://chipita.com
Company type
Private
Founded year
1982
Operating status
Acquired
Headcount range
5,001–10,000 employees
Ownership category
akta.pro rank

Chipita industry classification

Industry
Product category
Packaged Baked Snacks
NAICS
Bread and Bakery Product Manufacturing (31181), Sugar and Confectionery Product Manufacturing (3113), Snack Food Manufacturing (31191)
SIC
Bakery Products (2050), Sugar & Confectionery Products (2060)
akta.pro primary industry
Specialty Snack Foods Manufacturing (Ethnic/Regional, Gourmet, Functional) (AFAKAIAO)
akta.pro secondary industry
Pretzels & Savory Baked Snacks Manufacturing (AFAKAIAD)

Keywords

  • Packaged baked snacks
  • Croissant production
  • Chocolate confectioneries
  • Flour-based snacks
  • Snack manufacturing

Where Chipita is headquartered

Location

Headquarters

HQ city
Metamórfosi
HQ country
Greece
HQ region
Europe

Offices1 record

Markets served

Chipita business model

Business model
GTM type
B2C
Offering type
Hardware or Manufacturing
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales

Chipita product offering

Product offering

Core offering

Chipita produces and markets flour-based snacks and chocolate confectioneries, with a primary focus on packaged croissant and baked snack products sold under its brand portfolio of 7Days, Chipicao, and Fineti. The company manufactures ready-to-eat baked snacks and chocolate spreads for consumer retail purchase, with operations concentrated across Central and Eastern European markets.

Product overview

Chipita operates as a baked snacks company that was acquired by Mondelez International on January 3, 2022. The company specializes in producing packaged croissant and baked snacks, with a portfolio of brands including 7Days, Chipicao, and Fineti. Founded in Greece 40 years ago, Chipita grew to become one of the largest producers of salty and sweet snacks in Central and Eastern Europe with approximately $580 million in revenue in 2020. Under Mondelez ownership, Chipita brands are integrated into the company's Baked Snacks category alongside other acquired and owned brands like CLIF and Perfect Snacks.

Differentiator

Problem solved

Functional benefit

Brands

  • 7Days: Croissant and baked snack brand acquired by Mondelēz International as part of the Chipita acquisition.
  • Chipicao
  • Fineti

Products and services

  • 7Days A leading Chipita brand of packaged croissant and baked snacks with strong consumer presence across Central and Eastern European markets, targeting retail consumers of convenient ready-to-eat snack products.
  • Chipicao A Chipita brand of chocolate-flavored snack products popular in Central and Eastern Europe, sold to retail consumers as part of the company's packaged snack and confectionery portfolio.
  • Fineti A Chipita brand offering chocolate and hazelnut spread products, part of the company's confectionery and baked snacks portfolio targeting retail consumers.

Companies that use Chipita

Customer profile

Segments1 record

Ideal customer profiles1 record

Chipita technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Chipita partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Mondelez InternationalcoreStrategic or Co-development Partner · 3 January 2022Mondelez International acquired Chipita on January 3rd, 2022 as a bolt-on acquisition. The deal brings together Chipita's croissant and baked snack brands like 7Days with Mondelez's iconic international brands such as Cadbury and Milka. This acquisition is an important milestone in MDLZ's strategic plan focused on accelerating growth and becoming a global leader in snacking and core snacking adjacencies.

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Chipita competitors and assessment

Company assessment

Regional players

  • Hostess Brands: US-focused branded baked snacks company (Twinkies, Hostess, Donettes). Comparable on packaged sweet baked-snack format and category dynamics, though primarily North American rather than competing directly in Chipita's CEE base.
  • Walkers Shortbread: Scottish branded shortbread and baked-snack producer exporting globally. Comparable to Chipita on branded, premium-positioned baked snacks with international distribution, but smaller scale and primarily UK/Atlantic-focused.

Broad incumbents

  • Ferrero: Global confectionery and spreads group (Nutella, Kinder, Ferrero Rocher) that overlaps directly with Chipita's chocolate-hazelnut spread (Fineti) and chocolate snacks (Chipicao) while operating at much broader scale.
  • Mondelez International: Global snacking conglomerate (Cadbury, Milka, Oreo, belVita) and Chipita's parent since 2022. Broader incumbent offering overlapping baked/biscuit and chocolate categories with Chipita, but across a far wider portfolio and geography.
  • Grupo Bimbo: World's largest baked goods company, spanning breads, buns, pastries, and packaged snacks across the Americas, Europe, and Asia. Comparable to Chipita as a global branded bakery/snacks incumbent with packaged, multi-country distribution.
  • Barilla Group: Italian global bakery/pasta group with adjacent sweet baked snacks and biscuit lines (Pan di Stelle, Mulino Bianco). Comparable to Chipita as a European branded baked-goods incumbent with multi-country packaged-snack distribution.
  • Nestlé: Largest global packaged food company with a sizable confectionery and snacks portfolio. Comparable as a broad incumbent competing across chocolate, biscuits, and baked snack categories in which Chipita participates.

Direct peers

  • Bahlsen: German branded biscuit and baked snack maker (Pick Up, Leibniz, etc.). Directly comparable to Chipita as a regional branded baked-snacks manufacturer with multi-country European distribution and similar product format (portable packaged baked snacks).
  • Lotus Bakeries: Belgian branded baked-snacks company built around Biscoff and natural/nutriment brands. Directly comparable to Chipita on branded baked-snack portfolio, European-centric distribution, and category leadership in sweet baked snacks.
  • pladis (United Biscuits / Yildiz): Global biscuits and baked snacks group behind McVitie's, Carr's, and Jacob's. Directly comparable to Chipita on branded biscuits/baked snacks portfolio, multi-country European footprint, and similar supermarket-channel go-to-market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Chipita social profiles

Digital presence

Chipita financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Chipita leadership team

Management profile

Number of profiles

Profiles1 record

Chipita funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Chipita M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chipita

What does Chipita do?

Chipita produces and markets flour-based snacks and chocolate confectioneries, with a primary focus on packaged croissant and baked snack products sold under its brand portfolio of 7Days, Chipicao, and Fineti. The company manufactures ready-to-eat baked snacks and chocolate spreads for consumer retail purchase, with operations concentrated across Central and Eastern European markets.

Is Chipita a public or private company?

Chipita is a private company. It is classified as corporate owned and is currently acquired.

When was Chipita founded?

Chipita was founded in 1982. It employs 5,001 to 10,000 people.

Where is Chipita based?

Chipita is headquartered in Metamórfosi, Greece, in the Europe region.

Who are Chipita's main competitors?

Regional players on record are Hostess Brands and Walkers Shortbread. Broad incumbents are Ferrero, Mondelez International, Grupo Bimbo, Barilla Group and Nestlé. Direct peers are Bahlsen, Lotus Bakeries and pladis (United Biscuits / Yildiz).

Does Chipita have an API?

No public API is recorded for Chipita.

What industry is Chipita in?

Chipita's product category is Packaged Baked Snacks. Its primary akta.pro industry code is AFAKAIAO, Specialty Snack Foods Manufacturing (Ethnic/Regional, Gourmet, Functional), with a secondary code of AFAKAIAD, Pretzels & Savory Baked Snacks Manufacturing. Its NAICS code is 31181 and its SIC code is 2050.

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Live signals
GlobeNewswireMondelēz International Completes Acquisition of Chipita Global S.A., High-Growth European Leader in Croissants and Baked SnacksMondelēz International completed its acquisition of Chipita Global S.A., a Central and Eastern European croissant and baked snack producer. Chipita, with $580 million in 2020 revenue and 13 plants, will integrate over six months, expanding Mondelēz's baked snacks portfolio in Europe.GlobeNewswireMondelēz International Completes Acquisition of Chipita Global S.A., High-Growth European Leader in Croissants and Baked SnacksMondelēz International has completed its acquisition of Chipita Global S.A., a high-growth leader in Central and Eastern European croissants and baked snacks, marking a milestone in the company's strategy to become a global snacking leader. The acquisition enhances Mondelēz's presence in the $65 billion global packaged baked snacks category, combining iconic brands including Cadbury and Milka with Chipita's portfolio such as 7Days, while leveraging Chipita's distribution network across fast-growing Central and Eastern European markets. A formal integration process will take effect over the next six months, with Mondelēz expecting to build on Chipita's manufacturing expertise and expand its footprint to new countries in the region.Total Food ServiceBetty Alexandropoulou Q&ABetty Alexandropoulou, Executive Director of Enterprise Greece, discussed the organization's efforts to expand Greek food and beverage exports into the U.S. market, highlighting the growing popularity of the Mediterranean diet and indigenous products like wine. The article notes that while demand is rising, small Greek producers face challenges meeting large volume demands from major distributors. To support this growth, Enterprise Greece facilitates buyer meetings, provides market education, and has helped attract foreign direct investment, exemplified by Mondelez's $2 billion acquisition of Chipita.The Motley FoolMondelez's M&A Strategy Helped Win Crunchy Gains, but Can the Momentum Last?Mondelez International reported strong Q2 2021 earnings, beating analyst expectations with a 12.4% revenue increase and doubling diluted EPS to $0.76. The company continues its M&A strategy by acquiring European baked snacks maker Chipita for $2 billion, aiming to expand its presence in the packaged cakes and pastries market. While financial metrics like free cash flow declined due to acquisition costs and high debt levels, Mondelez increased dividends and initiated share buybacks.