Ferrero to acquire American ice cream manufacturer Wells Enterprises

Ferrero to acquire American ice cream manufacturer Wells Enterprises

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 […]

Ferrero Group to launch Tic Tac Coca-Cola special edition

Ferrero Group to launch Tic Tac Coca-Cola special edition

The Ferrero Group is set to launch a new flavor for Tic Tac hard mints in the form of the Tic Tac Coca-Cola across the world following a collaboration with Coca-Cola. Coca-Cola will enter into the sweet package food market with the collaboration. The Tic Tac Coca-Cola special edition will be available in more than […]

Ferrero wraps up $1.3bn acquisition of Kellogg’s cookies and fruit snacks businesses

Ferrero wraps up $1.3bn acquisition of Kellogg’s cookies and fruit snacks businesses

Food acquisition news : Italian confectionery group Ferrero has wrapped up its previously announced $1.3 billion acquisition of the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg. Through the deal, Ferrero has acquired a cookie portfolio that includes the Keebler cookies brand, Famous Amos cookies, Murray sugar-free cookies, family […]

Nestle completes $2.8bn sale of US confectionery business to Ferrero

Nestle completes $2.8bn sale of US confectionery business to Ferrero

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 […]

Ferrero to buy Nestle’s US confectionery business for $2.8bn

Ferrero to buy Nestle’s US confectionery business for $2.8bn

Confectionery industry news : Italian chocolate manufacturer Ferrero has emerged as the buyer of Nestle’s US confectionery business in a $2.8 billion deal. Nestle for some time has been looking to sell its US confectionery business to focus on its core products. Part of the transaction will be more than 20 Nestle US brands that […]

Confectionery giant Ferrero acquires US candy manufacturer Ferrara Candy

Confectionery giant Ferrero acquires US candy manufacturer Ferrara Candy

Food acquisition news : Nutella owner and Italian confectionery giant The Ferrero Group has completed a previously announced acquisition of US candy manufacturer Ferrara Candy Company from private equity firm L Catterton. The transaction amount involved in the Ferrero acquisition of Ferrara Candy was not revealed by the parties. Ferrero, which made the deal in […]