Sunny Delight and Pringles maker Procter & Gamble is expected to announce a new joint venture with William Wrigley, the chewing gum producer, reported the New York Times.
The partnership will see the joint development of a new line of Crest chewing gums. Essentially a distribution agreement, the deal sees Wrigley manufacture the gum using health care technology developed by scientists at Procter & Gamble. Wrigley will oversee distribution of the gum to supermarkets convenience stores, while P&G will handle delivery to drugstores. P&G has a large portfolio of household and personal care products.
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The New York Times said the companies had not disclosed terms of the agreement, but sources close to the talks said they estimated the deal could be worth about US$100m per year for the two companies.
To view related research reports, please follow the links below:- The World Market for Confectionery Products Confectionery: The International Market How well do you really know your competitors?Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. 
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