A strong network consolidated over 100 years will continue to
secure supplies to the food and beverage industry for the popular
ingredient gum arabic, says German supplier Alfred L. Wolff,
reports Lindsey Partos.
Chewing gum manufacturer Wrigley has revealed that its 2005
business strategy will once again focus on expanding beyond its
core line of gum-based confectionery and has played down
speculation that it is on the acquisition trail,...
Continuing moves into new segments of the confectionery market have
helped US gum maker Wrigley end 2004 with record sales and profits.
And the acquisition of Spain's Joyco, with strong market shares in
India and China, should...
Widespread procurement and more than 100 years in business help
French hydrocolloid producer Colloides Naturels International (CNI)
assure supplies for gum arabic amid global shortfalls in stock,
writes Lindsey Partos.
Prices for the popular hydrocolloid gum arabic used in a range of
food applications have doubled in 12 months as political turmoil
and poor stocks leave the market exposed, writes Lindsey
Partos.
Rumours that Kraft Foods was mulling the sale of its sugar
confectionery business have been circulating for a month or so, and
were this week proved to be correct when gum maker Wrigley
confirmed that it would be buying the Altoids,...
Clearing up any confusion over food labels, US food authorities
have given the green light for food ingredients firms to use
ethanol in precipitating food grade xanthan gum and to still allow
the ingredient to keep the 'xanthan'...
The takeover of Spanish confectionery group Joyco earlier this year
continued to lift sales at gum giant Wrigley in the third quarter
of the year. Joyco's business in Asia, in particular, has helped
improve Wrigley's standing...
Flagging consumer interest in Wrigley's Eclipse Flash dissolvable
breath strip product has prompted the US confectioner to shut down
production facilities in the US and shift manufacturing to Europe,
where, it seems, consumers...
A new gum tax in Ireland proposed to help street cleaning could add
5 to 10 cents to the price of a packet of gum, potentially curbing
growth in a chewing gum market which has been revitalised by sales
of healthy and oral hygiene...
Family-owned US firm JM Huber has become the number one pectin,
xanthan gum and CMC supplier after yesterday agreeing to buy
leading hydrocolloid firm CP Kelco from merchant bank Lehman
Brothers, reports Lindsey Partos.
Three companies have announced a technology that allows the deposit
gum bases and incorporate gums into candies and lollipops, which is
said to provide new opportunities for the confectionery industry.
Ireland is considering tough new proposals on waste management and
recyling, including a programme to target the management of chewing
gum waste - a move that could effect confectionery manufacturers
there.
Growing through international expansion, chewing gum giant Wm.
Wrigley Jr has closed on a €215 million deal to acquire the Joyco
gum and confectionery businesses from Agrolimen, a privately-held
Spanish food conglomerate. The acquisition...
Is Big Red the next functional food fad? Scientists in the US claim
the natural flavours found in the chewing gum brand manufactured by
gum giant Wrigley's could beat the bacteria that causes bad breath.
The European Commission has approved the proposed functional
confectionery joint venture between Swiss consumer goods company
Nestlé and the US-based personal care company Colgate-Palmolive,
but approval is just the first of several...
Early depletion of African gum stocks have driven up global prices
of gum acacia. US company TIC gums this week passed the price rise
of gum arabic on to the market.
Wrigley cannot register its Doublemint brand as a trademark with
the EU because it is a descriptive name - a rulings made by the
European courts yesterday.
The CEO of Wrigely has announced that the global confectionery
company is aiming to further grow its company in the year ahead
with a range of innovative new gum-based products.
Wrigley has announced third quarter earnings up 15 per cent,
following an impressive 12 per cent growth in its global sales,
which were further strengthened by the weakness of the US dollar.
Gum is by far the most profitable segment of the global
confectionery market, and looks set to remain so for some years to
come as new functional and healthy variants are launched.
Wm Wrigley, the US-based gum maker, is staring defeat in the face
in its bid to register its Doublemint trademark in the EU. A senior
legal advisor at the European Court of Justice yesterday said that
an earlier decision by a lower...
Wrigley, the US-based chewing gum manufacturer, has announced that
it is to stop shipping its Surpass Antacid chewing gum with effect
from 28 March 2003.
British confectionery and drinks group Cadbury Schweppes Plc is set
to make a £350 million pound ($507 million) takeover of privately
held Danish chewing gum firm Dandy, the Sunday Telegraph reported.
UK confectionery and drinks group Cadbury Schweppes is preparing a
$2 billion (€2.27bn) bid for the chewing gum and cough drops arm of
Pfizer, the world's largest drugs company, a British Sunday
newspaper reported.
