Mondelez International to sell developed market gum business for 1.35 billion US Dollars
The purchase price is USD 1.35 bn or 15 times equivalent to estimated current year EBITDA.
The transaction, expected to close in Q4 of 2023, includes the business in the US, Canada and Europe, excluding France. The parties have entered into exclusive arrangements for the sale of the business in the latter market, Mondelez said. The concern will retain its emerging market gum business across Latin America, Asia, the Middle East and Africa.
The sale includes manufacturing facilities in Rockford, Illinois, and Skarbimierz, Poland, as well as the gum brands Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo and Bubblicious in the US, Canada and Europe, and the European confectionery brands Cachou Lajaunie, Negro and La Vosgienne.
Egidio Perfetti, Chairman of Perfetti Van Melle, commented: “Perfetti Van Melle will be an excellent home for the management team and employees of Mondelēz International’s gum business in North America and Europe”. And the company’s Vice Chairman Daniele Perfetti, added: “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”.
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Launched in 2011, specialist journal sweets processing(sp) keeps confectionery business professionals informed about all the latest confectionery industry supply sector developments and features detailed articles about international companies and suppliers.
sp is the sister publication of SWEETS GLOBAL NETWORK’s SG-Magazine, the highly regarded and well established international confectionery business journal. sp covers all stages and aspects of the value added chain from material sourcing to production and packaging.
sp readership includes leaders and decision makers in charge of production, R&D, QM, purchasing and supply chain management, as well as chief executives and senior managing partners.
sp appears every two months in English and German. Circulation currently stands at 5,500. 3,000 of our subscribers are based abroad, mostly in other European countries. sp is now also available as an E-paper.
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International confectionery association SWEETS GLOBAL NETWORK e. V. (SG) is an established network of over 300 member companies based in ten countries. SG is the leading communication platform for confectionery professionals in German-speaking countries (Germany, Austria, Switzerland) and beyond. Meanwhile, most companies involved in manufacturing and retailing confectionery (wholesalers, specialist retailers, importers, brokers, producers) are members. All enjoy huge benefits, such as a range of high quality services and invitations to exclusive, member only events. There are an additional 40 supporting members active in the confectionery industry supply sector.
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