{"id":787434,"date":"2023-10-02T13:33:32","date_gmt":"2023-10-02T17:33:32","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/"},"modified":"2023-10-02T13:33:32","modified_gmt":"2023-10-02T17:33:32","slug":"mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/","title":{"rendered":"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle"},"content":{"rendered":"<div class=\"mw_release\">\n<ul type=\"disc\">\n<li>Advances strategy to accelerate growth and focus portfolio on attractive core categories of chocolate, biscuits and baked snacks<\/li>\n<li>Retains emerging market gum business across Latin America and Asia, Middle East and Africa<\/li>\n<\/ul>\n<p>CHICAGO, Oct.  02, 2023  (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International (Nasdaq: MDLZ) today announced it has completed the sale of its developed-market gum business in the United States, Canada and Europe, excluding Portugal, to Perfetti Van Melle Group, a leading global gum and confectionery maker. The Portugal portion of the business is being retained by Mondel\u0113z pending regulatory clearance from the Portuguese Competition Authority, which the parties expect will be forthcoming in the near term.<\/p>\n<p>The divestiture advances the Company\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=T6v7vrgV7nvD_K3E8cQDWqH6sJ7KSrb1Nqc3WBLrEdpI2FjcKKdtGsYhtT5l99eMiJSdHIeLkMZoYe1MMDt0sHKI43ienHT9y-I9_hLbdSh0e1xWh3vXy0zrN1gCLeIso05cmXlUv24lTzt7MH1XiYDxLXCm4-zIBe3MQoCZftkOI70-sMnhssvIm4K__b68jsqvZntGc8x_hLGGwr4f_uVib5DElMODIluIpc7iXYSanQIl0-2RKjp5_esXcJKz\" rel=\"nofollow noopener\" target=\"_blank\">portfolio reshaping strategy<\/a>, as it continues striving to deliver 90 percent of revenue in its core categories of chocolate, biscuits and baked snacks.<\/p>\n<p>The sale includes manufacturing facilities in Rockford, Illinois, and Skarbimierz, Poland, and the gum brands <em>Trident,<\/em><em>Dentyne, Stimorol, Hollywood, V6,<\/em><em>Chiclets, Bubbaloo <\/em>and<em> Bubbalicious<\/em> in the United States, Canada and Europe, as well as European candy brands including <em>Cachou Lajaunie <\/em>and <em>La Vosgienne.<\/em> Mondel\u0113z continues to operate its gum business outside the United States, Canada and Europe, led by <em>Stride<\/em> in China, as well as all of its other candy brands and products.<\/p>\n<p>\u201cAs we continue accelerating growth to become the global snacking leader in chocolate, biscuits and baked snacks, we are pleased to transition our developed market gum business to a global, privately owned, values-driven company with a strong and proven track record of brand investment and innovation,\u201d said Dirk Van de Put, Chairman and CEO, Mondel\u0113z International. \u201cWe are incredibly proud of the talented colleagues who made these brands so successful, and we wish them all the best as they join the Perfetti Van Melle team.\u201d<\/p>\n<p>\u201cThis acquisition aligns perfectly with our strategic goal of becoming a global leader in gum, our chosen focus,\u201d said Egidio Perfetti, Chairman of Perfetti Van Melle Group. \u201cWe expect to further bolster our product portfolio, manufacturing capacity, market distribution and financial results, effectively doubling our size in North America and increasing our reach in Europe, serving more consumers with our well-loved brands. With a passion for gum, our strong innovative background and family history, we are very pleased and proud to welcome the new people, brands and plants that have joined us today.\u201d<\/p>\n<p>Mondel\u0113z is retaining the Portugal portion of the business until regulatory approval is granted in that jurisdiction, after which the parties have agreed the Portugal portion of the business will be sold and transferred to Perfetti Van Melle Group.<\/p>\n<p>\n        <strong>About Mondel\u0113z International <\/strong><br \/>\n        <br \/>Mondel\u0113z International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2022 net revenues of approximately $31 billion, MDLZ is leading the future of snacking with iconic global and local brands such as <em>Oreo, Ritz, LU, Clif Bar<\/em> and <em>Tate\u2019s Bake Shop<\/em> biscuits and baked snacks, as well as <em>Cadbury Dairy Milk, Milka<\/em> and <em>Toblerone <\/em>chocolate. Mondel\u0113z International is a proud member of the Standard and Poor\u2019s 500, Nasdaq 100 and Dow Jones Sustainability Index. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=qtVklPcY5ujaWW9SBTMj5QHiRV8zaJCuNRAOGlI-9aZmPiMKgV7WuJvzVMXRbX3vFoASQkmKaZEcAetSDJf-YAxt1Ef7KOlbVgGs_3SU_cUQc-1-Nj_chaMvF5ura3LB\" rel=\"nofollow noopener\" target=\"_blank\">www.mondelezinternational.com<\/a> or follow the company on Twitter at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=stjHUhMqZ5K-ssZdd2f3JNfU_5I01JUP5--MveYoMX6B-bLrQecUY67-YEyM3AlMFhCxX0wJn_7c1QE641jlIs0IGiP6OG_RKZBmPP1LJoc=\" rel=\"nofollow noopener\" target=\"_blank\">www.twitter.com\/MDLZ<\/a>.<\/p>\n<p>\n        <strong>About Perfetti Van Melle<\/strong><br \/>\n        <br \/>Perfetti Van Melle is a privately owned company that manufactures and distributes confectionery and chewing gum in more than 150 countries. Perfetti Van Melle is a global leader in the confectionery industry, thanks to delighting consumers around the world with its innovative, diverse and most loved products. The company boasts a diverse portfolio of iconic local and internationally recognized brands cherished by generations such as<em> Mentos, Chupa Chups, Alpenliebe, Frisk, Smint, Fruit-tella, Golia, Brooklyn, Vivident, Happydent, Daygum, Vigorsol, Big Babol <\/em>and <em>Airheads. <\/em>In 2022 Perfetti Van Melle Group reported net revenues close to \u20ac3 billion.<\/p>\n<table style=\"border-collapse: collapse;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\n            <strong>Contacts:<\/strong>\n          <\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0 \u00a0 \u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Tracey Noe (Media)<br \/>1-847-943-5678<br \/><a href=\"mailto:news@mdlz.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>news@mdlz.com<\/u><\/a><\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0 \u00a0 \u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">Shep Dunlap (Investors)<br \/>1-847-943-5454<br \/><a href=\"mailto:ir@mdlz.com\" rel=\"nofollow noopener\" target=\"_blank\"><u>ir@mdlz.com<\/u><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<td style=\"text-align: left;vertical-align: middle;vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MTU3NyM1ODQwMDMzIzIwMDczODk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/Y2ZjMGYyNmEtYTRjZC00NGQ0LWE4NmUtMTZiNzY2YjkzNzFmLTEwMTg5NjI=\/tiny\/Mondelez-International-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Advances strategy to accelerate growth and focus portfolio on attractive core categories of chocolate, biscuits and baked snacks Retains emerging market gum business across Latin America and Asia, Middle East and Africa CHICAGO, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International (Nasdaq: MDLZ) today announced it has completed the sale of its developed-market gum business in the United States, Canada and Europe, excluding Portugal, to Perfetti Van Melle Group, a leading global gum and confectionery maker. The Portugal portion of the business is being retained by Mondel\u0113z pending regulatory clearance from the Portuguese Competition Authority, which the parties expect will be forthcoming in the near term. The divestiture advances the Company\u2019s portfolio reshaping strategy, as it continues striving to deliver &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-787434","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advances strategy to accelerate growth and focus portfolio on attractive core categories of chocolate, biscuits and baked snacks Retains emerging market gum business across Latin America and Asia, Middle East and Africa CHICAGO, Oct. 02, 2023 (GLOBE NEWSWIRE) &#8212; Mondel\u0113z International (Nasdaq: MDLZ) today announced it has completed the sale of its developed-market gum business in the United States, Canada and Europe, excluding Portugal, to Perfetti Van Melle Group, a leading global gum and confectionery maker. The Portugal portion of the business is being retained by Mondel\u0113z pending regulatory clearance from the Portuguese Competition Authority, which the parties expect will be forthcoming in the near term. The divestiture advances the Company\u2019s portfolio reshaping strategy, as it continues striving to deliver &hellip; Continue reading &quot;Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-02T17:33:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MTU3NyM1ODQwMDMzIzIwMDczODk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle\",\"datePublished\":\"2023-10-02T17:33:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/\"},\"wordCount\":656,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODk0MTU3NyM1ODQwMDMzIzIwMDczODk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\\\/\",\"name\":\"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle - 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The Portugal portion of the business is being retained by Mondel\u0113z pending regulatory clearance from the Portuguese Competition Authority, which the parties expect will be forthcoming in the near term. The divestiture advances the Company\u2019s portfolio reshaping strategy, as it continues striving to deliver &hellip; Continue reading \"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/","og_site_name":"Market Newsdesk","article_published_time":"2023-10-02T17:33:32+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MTU3NyM1ODQwMDMzIzIwMDczODk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle","datePublished":"2023-10-02T17:33:32+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/"},"wordCount":656,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODk0MTU3NyM1ODQwMDMzIzIwMDczODk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/mondelez-international-completes-sale-of-developed-market-gum-business-to-perfetti-van-melle\/","name":"Mondel\u0113z International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle - 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