Mondelēz gum business sold to Perfetti Van Melle
Michael M. Santiago/Getty Images News

MondelÄz International (NASDAQ:MDLZ) has completed the sale of its gum business in developed markets to Italian-Dutch confectioner Perfetti Van Melle.
The sale involves gum brands sold in the United States, Canada, and Europe, with the exception of Portugal.
Brands in the sale include Trident, Dentyne, and Chiclets.


MondelÄz (MDLZ) noted that the divestiture allows the company to accomplish its goal of deriving 90% of revenue in the core categories of chocolate, biscuits, and baked snacks.


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