Bega expects its newly acquired business to generate $40 million to $45 million in earnings before interest, depreciation and amortisation (EBITDA) in its first full year of operation, and to increase earnings per share. Bega gets the Mondelez manufacturing site at Port Melbourne, which employs 200 people who will all be retained at least until the new business is integrated. Bega expects to complete the acquisition, which will be funded by bank debt, early this calendar year. Its shares soared in the wake of the announcement to close 68 cents, or 15.2 per cent, higher at $5.16. Mondelez - one of the world's largest snack foods companies - said the sale of most of its grocery business in Australia and New Zealand enables it to focus on its core brands, which include Cadbury Dairy Milk chocolate and Oreo biscuits.