Wrigley: Chew on This.(Brief Article)
Kiplinger's Pick of the Day Web Feature, December, 2004
Byline:Kiplinger Washington Editors Wm. Wrigley Jr. Co. (WWY) already controls 60% of the U.S. chewing gum business, and its market share is expanding. Wrigley is making acquisitions that Standard & Poor's says should sweeten its growth potential -- the most recent of which is a planned $1.5 billion buy-out of Kraft's confectionary division that includes Life Savers and Altoids.
Standard & Poor's most recent edition of The Outlook gives Wrigley a five-star, A rating. "The way we see it," say S&P analysts, "Wrigley's above-average operating margin, efficient global distribution system, and aggressive acquisition strategy should all aid its long-term growth." The Chicago-based company, founded in 1891, now has manufacturing centers almost...
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