The Ferrero Group has reached an agreement to acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Co. The agreement is worth $1.3 billion. Among the cookie brands Ferrero acquires are Keebler, Famous Amos Cookies, Mother’s, Murray sugar-free cookies, and Little Brownie Bakers, supplier of cookies to the […]
Tag: Giovanni Ferrero
Posted inGrocery News, Center Store, National, Snacks Brands, Suppliers
Ferrero Closes On Nestlé USA Candy Brands Sale
The Ferrero Group has finalized the purchase of Nestlé USA Inc.’s confectionery business, a deal that first was announced in mid-January and was estimated to be valued at $2.8 billion. The closing of the acquisition adds more than 20 U.S. brands into the Ferrero portfolio, including Butterfinger, Baby Ruth, 100 Grand, Wonka and the exclusive […]
Posted inCenter Store, Home Page Latest News, Industry News, National, Snacks Brands, Suppliers
Ferrero To Acquire U.S. Confectionery Company Ferrara
The Ferrero Group, a global confectionary group, has entered into a definitive agreement for a Ferrero-affiliated company to acquire Ferrara Candy Co., the third-largest U.S. non-chocolate confectionary company, with strong positions in the gummy and seasonal candies categories. Ferrero is acquiring Ferrara from L Catterton, a global consumer-focused private equity firm. Terms of the transaction were not […]