industry NEWS
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Mondelēz sells gum portfolio to Perfetti Van Melle
Mondelēz International announced it has entered into definitive agreements to sell its developed-market gum business in the United States, Canada and Europe to Perfetti Van Melle Group, a leading European gum and confectionery maker for a headline purchase price of $1.350 billion or 15 times equivalent to estimated current year EBITDA. The divestiture advances the Company’s portfolio reshaping strategy, as outlined at its Investor Day in May, enabling greater focus on growth and reinvestment in its core chocolate, biscuit and baked snacks categories. The sale includes manufacturing facilities in Rockford,
IL and Skarbimierz, Poland and the gum brands Trident, Dentyne, Stimorol, Hollywood, V6, Chiclets, Bubbaloo and Bubblicious in the United States, Canada and Europe, as well as the European candy brands Cachou Lajaunie, Negro, and La Vosgienne. 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 transaction, which is subject to customary closing conditions, is expected to close in Q4 of 2023.
CarobWay brings the ancient carob to the modern table
FoodTech start-up CarobWay brings the nutritional treasures of the ancient carob fruit to the modern table. CarobWay is developing a portfolio of bioactive ingredients based on whole carob fruit for well-being. CarobWay runs a vertically integrated operation from field to fork and commits to fair-trade practices while ensuring a stable supply chain. CarobWay strives to live in harmony with our planet and its inhabitants. Eliminating waste and preserving all the goodness of carob, it uses the entire fruit—seeds and pulp—to
create innovative ingredients for food, food supplements, and cosmetics, backed by science. One formulation under
development is a prebiotic powder enriched with fibres and polyphenols that possess anti-inflammatory properties and support a healthy
gut microbiome.
Following bioavailability and bioaccessibility studies, the start-up will advance a series of microbiome studies to explore the effect of its prebiotic on human microbiota diversity and specific microbes.
Belcolade reveal plant-based white couverture based portfolio,
White chocolate lovers are celebrating as specialists at Belcolade reveal the launch of a first-of-its-kind Plant- Based White Couverture. Belcolade’s Selection
W.
Plant-Based Cacao-Trace offers chocolatiers, pâtissiers and other professional chocolate users more choice than ever before as it further expands the company’s plant-
following
the recent launch of its widely-acclaimed milk-alike counterpart.
As a result,
Belcolade now offers its customers a comprehensive plant-based chocolate portfolio – dark, milk-alike and white – all of which carry the reassurance of Cacao- Trace certification. The Plant-Based
White 6 Kennedy’s Confection March 2023
Couverture is a first of its kind for the global professional chocolate industry as it boasts an outstanding taste profile and rich, creamy texture. It also has the perfect “snap” that consumers love, along with a clean, white chocolate colour. Differentiating itself even further, it is free of coconut, as well as nuts, soy and gluten – allergens typically found
in other plant-based white options.
KennedysConfection.com
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