Warwick International sells for £129 million (with “non-stick” chewing gum involved!)
Warwick International, based in Mostyn, UK, has just been sold to its management team for £129 million (US$230 million), according to today’s Evening Leader from Mold.
It’s a make or break deal for the company’s employees in Flintshire. Warwick is a company best known for two businesses; one, perhaps of less interest to those who work at (and read) AndrewsGumWorld is its international laundry detergent business.
Second, though, is its more intriguing collaboration with Revolymer, reported on earlier today in AndrewsGumWorld and referenced in this article:
Revolutionary ‘non-stick’ chewing gum has been developed at research labs at the Mostyn site, alongside Bristol-based research company Revolymer.
Scientists hope the gum will keep its taste for longer and be easily removed from pavements, and it is anticipated a £10m funding boost could bring the new product to market next year.