Wm. Wrigley

Maker of chewing gum and candy.

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410 North Michigan Avenue
Chicago, Illinois 60611
Employees: 16,400
CEO: William Perez
Stock Symbol: WWY

Website: http://www.wrigley.com

Career Site

Wrigley is one of the world's largest makers of chewing gum and candy. The company's well-known gums include Juicy Fruit, Wrigley's Spearmint, Big Red, Doublemint, Hubba Bubba, Freedent, Extra, Eclipse, Orbit and Excel.

Wrigley also sells candies, mints and breath strips under the Life Savers, Altoids, Creme Savers, Pim Pom and Solano brands. The company's products are sold in 180 countries.

In April, Mars Inc. agreed to buy Wrigley Corp. for $80 per share or $23 billion. Mars Inc. is a family owned company that produces some of the world's leading confectionery, food and petcare products and has growing beverage and health & nutrition businesses. It is maker of candy under the Snickers, M&Ms and Milky Way brands.

Wrigley will become a private company and part of Mars Inc. when the deal is completed.

In 2007, the company had revenues of $5.39 billion and net income of $632 million.


William Wrigley Jr. came to Chicago in the spring of 1891 and founded the company that bears his name on April 1. He was 29 years old, had $32 in his pocket, and possessed unlimited energy and great talent as a salesman. He started out selling soap. As an extra incentive to merchants to carry Wrigley's soap, he offered them free baking powder. When baking powder proved to be more popular than soap, he switched to the baking powder business.

Then one day in 1892, Mr. Wrigley got the idea of offering two packages of chewing gum with each can of baking powder. The offer was a big success. Once again the premium - chewing gum - seemed more promising than the product it was supposed to promote.

At that time, there were at least a dozen chewing gum companies in the United States, but the industry was relatively undeveloped. Mr. Wrigley decided that chewing gum was the product with the potential he had been looking for, so he began marketing it under his own name. His first two brands were Lotta and Vassar. Juicy Fruit gum came next in 1893, and Wrigley's Spearmint was introduced later that same year.

In the very early days, William Wrigley Jr. personally did much of the selling to the trade. He had a gift for seeing his customers' point of view and accommodating himself to their needs. As the company grew, Mr. Wrigley showed an unusual knack for inspiring enthusiasm in the people who worked with him.

Mr. Wrigley was also one of the pioneers in the use of advertising to promote the sale of branded merchandise. He saw that consumer acceptance of Wrigley's gum could be built faster by telling people about the benefits of the product through newspaper and magazine ads, outdoor posters and other forms of advertising. Then, as more and more consumers began to ask for and buy Wrigley's chewing gum in the stores, the storekeeper would naturally want to keep a sufficient stock of Wrigley brands on hand.

Wrigley acquired the Altoids and Life Savers brands in 2005 from Kraft Foods in a deal worth $1.48 billion.


Health Care Benefits
Associates and their eligible dependents may elect coverage under a BlueCross BlueShield (BCBS) PPO option or, at most locations, choose medical coverage through a Health Maintenance Organization (HMO). All plans include valuable preventative care coverage, as well as prescription drug and mental health programs.
Dental Benefits
Associates and their eligible dependents may enroll in the Dental Care Benefit plan.
Flexible Spending Plan
The Flexible Spending Plan offers a way for associates to reduce their taxes by setting aside pre-tax dollars for qualifying expenses such as health, dental and vision care expenses and dependent care expenses.

Retirement Plan
Wrigley Associates are automatically enrolled in the Wrigley Retirement Plan. The Company pays the entire cost of this benefit that provides for normal retirement at age 65 or early retirement with a reduced benefit at age 55, with the completion of five years of service.
Wrigley Savings Plan
Associates can make contributions through payroll deductions of 1-25% of their basic earnings, on a before-tax basis, after-tax basis, or both, through the Wrigley Savings Plan. After one year of employment, deposits of up to 6% of associates' pay are matched by a Company contribution of 60%. The plan offers a wide array of investment options. New associates can immediately roll over funds from previous employers' 401(k) plans.

Stock Dividend and Reinvestment Plan
Associates can purchase Wrigley common stock through the convenience of payroll deduction (a minimum of $10 per month), without paying a broker's fee or service charge. Stock dividends credited to an associate's account are used to purchase more shares of Wrigley common stock.
Matching Grants Program
Following one year of service, Wrigley associates have the opportunity to make a financial contribution to eligible organizations they support, and have their contribution matched on a two-for-one basis by The Wm. Wrigley Jr. Company Foundation. The minimum contribution per gift is $25 with a $1,500 maximum, consisting of any combination of gifts, per person, per calendar year.

Employee Assistance Program
The Employee Assistance Program (EAP) is designed to help associates and their family members affected by personal or family problems obtain the best assistance available. This program provides short-term counseling, assessment, and referral services at no cost to associates and their family members.
Full-time associates earn vacation time for each calendar month worked. Benefits accrue in such a way as to provide three weeks vacation credit each year for associates with up to ten years service, four weeks after ten years service, five weeks after 20 years service, six weeks after 30 years, seven weeks after 35 years, and eight weeks of vacation after 40 years.
We offer competitive holiday schedule at our locations. Regular holidays include New Year's Day, Good Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving, Christmas, and a floating holiday. In addition, the Company provides extra holidays when circumstances permit.
Education Assistance Plan
The Wrigley Education Assistance Plan helps associates who wish to further their education at accredited schools or colleges. Generally, covered courses are those that are job-related (including graduate level courses) or that will lead to a high school diploma or undergraduate college degree. The Plan provides for payment of 100% of both course and book costs for up to six courses each calendar year, for associates with six months or more of service.

Updated May 21, 2008