Perfetti Van Melle completed the acquisition of the gum business of Mondelēz International for $1.35bn.

Perfetti Van Melle, an operator of a global confectionery company, completed the acquisition of the gum business of Mondelēz International, a provider of snacks, for $1.35bn. “As we continue progressing our Vision 2030 focus and acceleration strategy, doubling down on our core snacking categories, we are pleased to transition our developed market gum business to a values-led, family-owned company whose portfolio is a strategic fit, and where our brands and people can thrive,” Dirk Van de Put, Mondelēz International Chairman and CEO.