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Kraft to Sell Candy Brand to Wrigley
CHICAGO - The Wm. Wrigley Jr. Co., the world's largest chewing gum maker, is poised to acquire Kraft Foods, Inc.'s sugar confectionery business -- which includes the large manufacturer's popular Life Savers, Creme Savers, and Altoids brands and comprises roughly 1.5 percent of Kraft's global revenues -- for $1.48 billion. -
Organic Industry Leaders Form Natural Products Equity Fund
DENVER - Greenmont Capital Partners, a new private equity fund established by well-known natural and organic food industry leaders, together with prominent Colorado-based investors, yesterday said it has raised more than $15 million to begin operations. Greenmont will focus on emerging companies in the fast-growing natural and organic food, as well as related products, industries.