PÜR Gum explained

PUR Gum
Industry:Health Food, Chewing Gum, Confectionery
Founder:Jay Klein
Location City:Toronto, Ontario
Location Country:Canada
Locations:30,000 locations in over 25 countries
Area Served:Worldwide
Revenue:$10 million - 20 million[1]
Products:Aspartame-Free Chewing Gum

PUR Gum is a brand of aspartame-free gum produced by The PUR Company Inc. and founded in 2010 by Jay Klein in Toronto, Ontario, Canada.[2] [3] PUR gum and mints are manufactured in Switzerland,[3] distributed in Canada, and sold in over 25 countries worldwide.[4] PUR gum and mints are also sold through online outlets such as Amazon.[3] The PUR Company Inc. uses the slogan "Kick Aspartame" to promote their sugar-free and aspartame-free products.[3]

History

In 2010, entrepreneur Jay Klein aimed to create a chewing gum that was vegan, gluten-free, nut/soy-free, allergen-free, and aspartame-free.[5] The result was naturally sweetened PUR Gum that contains no additives or chemicals and is non-GMO.[3] [6] Klein decided to sweeten the chewing gum with xylitol so it would be a healthy choice for diabetics, pregnant women, people with dietary sensitivities, and any person seeking to avoid chemicals.[3] [6] [7]

Klein marketed his product first in the Greater Toronto Area by starting small and going door-to door, "running for mayor".[8] Then they expanded to the rest of Canada and major U.S. metropolitan areas, where “health hubs” – areas with significant markets for health food products – could be found.[9] However, PUR's popularity started to take off after a chain of airport duty-free shops started carrying the product, which made the brand gain international popularity that spread virally through airports and other channels. The number of international markets grew from three, to six, to ten, and then over 25.[9]

In 2014, PUR Gum made an appearance on CBC's Dragon's Den, asking for $1 million in exchange for a 10% equity stake, valuing the company at $10 million. Three Dragons made offers, and Jay Klein accepted an on-air deal with Jim Treliving and Arlene Dickinson.[10]

In 2016, The PUR Company became Canada's 10th Fastest-Growing Company and Toronto's 4th Fastest-Growing Company with 5-year revenue growth of 5,496 percent.[1] On the Profit 500 2016 list, The PUR Company ranked #10 overall and #1 in the Manufacturing and Distributing Category.[11]

Bubblegum and Chocolate Mint were the newest flavors that the company has launched in 2016.[2]

Products

External links

Notes and References

  1. Web site:
    1. 10 The PUR Company
    . Profit 500 2016 Rankings. Profit Guide Magazine. 25 January 2017.
  2. Web site: Yu. Douglas. PUR enters bubblegum to seize on aspartame-free movement. Confectionerynews.com. William Reed. 25 January 2017.
  3. Web site: Watson, Elaine . Kicking aspartame? The rise and rise of PÜR Gum . FoodNavigator USA . 2013-08-19 . 2014-06-27.
  4. Web site: Seale. Andrew. 5q: Jay Klein, emerging chewing gum mogul. Yahoo! Finance. Yahoo! Finance. 25 January 2017.
  5. Web site: Deveau. Denise. Marketer turned chewing gum maker PUR Gum shares its bite-sized growth strategy. Financial Post. Financial Post. 25 January 2017.
  6. Web site: Aspartame-free gum makes inroads in first year . The Canadian Jewish News . 2011-11-17 . 2014-06-27.
  7. Web site: Blackwell. Richard. Chewing gum losing grip on North American market. The Globe and Mail. Globe and Mail News. 25 January 2017.
  8. Web site: Crawford. Elizabeth. 5 strategies that fueled PUR's more than 5,000% growth in five years. The Food Navigator. William Reed. 25 January 2017.
  9. Web site: Lorinc. John. How focusing on small orders helped PUR Gum build brand awareness. Canadian Business. Canadian Business. 25 January 2017.
  10. Web site: Bitti. Mary. Big Dragons' Den pitches, valuations from RosterBot and PUR Gum - but only one lands a clear deal. Entrepreneur. Financial Post. 25 January 2017.
  11. Web site: Watt. Abigail. The PUR Co CEO Jay Klein on PROFIT 500 rankings, starting small and connecting with customers. Candy Industry. BNP Media. 25 January 2017.
  12. Web site: Products. PUR Company Inc. 11 January 2017.