Lion Capital to exit protein bar maker Grenade to Mondelēz
March 23, 2021
Cadbury and Oreo owner Mondelēz International has agreed to buy Grenade, the UK sports nutrition company owned by Lion Capital. Best known for its Carb Killa protein bar, Grenade produces a range of protein supplements and energy drinks. The West Midlands-based company was founded in 2010, exports to over 50 countries and employs 83 people. Lion Capital acquired a majority stake in Grenade in 2017 for £72 million.