Italian confectionery giant Ferrero Group has agreed to acquire American ice cream manufacturer Wells Enterprises, its operations, and its ice cream brands. The acquisition will strengthen Ferrero’s expansion agenda in North America and the businesses of two-family companies. The terms of the transaction are not disclosed. Ferrero expects the acquisition to accelerate its strategic growth […]
Food acquisition news : Italian confectionery giant Ferrero has agreed to acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses of Kellogg’s for $1.3 billion. As per the deal, Ferrero will acquire a cookie portfolio that includes the Keebler cookies brand, Famous Amos cookies, family cookie brand Mother’s, and Murray […]
Confectionery industry news : Nestle has completed its previously announced $2.8 billion sale of its US confectionery business to Italian chocolate manufacturer Ferrero. The Swiss food and beverage giant entered into the deal in January 2018 to sell its US confectionery business in a move to focus on its core products. Through the acquisition, Ferrero […]