Mondelēz International has sold its gum business in Canada, the US, and Europe to Perfetti Van Melle for $1.35 billion, or 15 times equivalent to the estimated current year EBITDA.
The beverage and snack food company will retain its emerging market gum business across Latin America, Asia, the Middle East, and Africa.
The sale aims to accelerate growth and reinvestment in Mondelēz's core biscuit, chocolate, and baked snacks categories, where it plans to generate 90 percent of revenue.
According to Dirk Van de Put, chairman and CEO of Mondelēz, as they, double on their core snacking categories, they would transition their developed market gum business to a values-led, family-owned company.
The sale covers manufacturing facilities in Rockford, Illinois, and Skarbimierz, Poland, and gum brands Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo, and Bubblicious in the US, Canada, and Europe.
It also includes European confectionery brands Cachou Lajaunie, Negro, and La Vosgienne.


Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit
SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election
Parents abused by their children often suffer in silence – specialist therapy is helping them find a voice
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge
Youth are charting new freshwater futures by learning from the water on the water
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market
What’s the difference between baking powder and baking soda? It’s subtle, but significant
Australian Household Spending Dips in December as RBA Tightens Policy
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 



