DEERFIELD, Ill. (AP) -- Mondelez International Inc., the maker of Oreo cookies and Ritz crackers, said Thursday that it will close a Philadelphia bakery by 2015 as part of a plan to restructure its supply chain and save money.
The Deerfield, Ill.-based snack food maker said the closing will affect about 350 employees. The Philadelphia bakery makes a variety of cookies and crackers under the Nabisco brand.
Mondelez said it will now make most of its cookies and crackers at its bakeries in Fair Lawn, N.J., and Richmond, Va. It plans to invest more than $130 million in those two bakeries.
The company, which also makes Cheese Nips crackers, Chips Ahoy cookies and Trident gum, employs more than 110,000 workers around the world.
In 2012, Mondelez split from food maker Kraft Foods Group Inc. to focus on its snack business. Kraft kept grocery brands such as Oscar Mayer, Miracle Whip and A1 Steak Sauce.
- Consumer Discretionary
- Oreo cookies
- Ritz crackers