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Mondelēz International Completes Sale Of Developed Market Gum Business to Perfetti Van Melle

Retrieved on: 
Monday, October 2, 2023

Advances strategy to accelerate growth and focus portfolio on attractive core categories of chocolate, biscuits and baked snacks

Key Points: 
  • 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) -- Mondelēz 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 Mondelēz pending regulatory clearance from the Portuguese Competition Authority, which the parties expect will be forthcoming in the near term.
  • Mondelēz continues to operate its gum business outside the United States, Canada and Europe, led by Stride in China, as well as all of its other candy brands and products.
  • “We 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.”
    “This acquisition aligns perfectly with our strategic goal of becoming a global leader in gum, our chosen focus,” said Egidio Perfetti, Chairman of Perfetti Van Melle Group.

Mondelēz International Announces Agreement to Sell Its Developed Market Gum Business to Perfetti Van Melle

Retrieved on: 
Monday, December 19, 2022

Mondelēz International will continue to operate its gum business outside the United States, Canada and Europe, led by Stride in China, as well as all of its other candy brands and products.

Key Points: 
  • Mondelēz International will continue to operate its gum business outside the United States, Canada and Europe, led by Stride in China, as well as all of its other candy brands and products.
  • The acquisition of Mondelēz International’s developed market gum business complements the Perfetti Van Melle portfolio—including iconic global brands such as Mentos, Chupa Chups and Alpenliebe.
  • “Perfetti Van Melle will be an excellent home for the management team and employees of Mondelēz’s gum business in North America and Europe,” said Egidio Perfetti, Chairman of Perfetti Van Melle Group.
  • “We have long admired the product and brand portfolio of the gum business and look forward to combining them with the Perfetti Van Melle brand family,” said Daniele Perfetti, Vice Chairman of Perfetti Van Melle Group.