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 […]
Utz Brands, a savory snacks producer, and Ferrara, a subsidiary of the Ferrero Group, are partnering to create new sweet and salty snack food variety packs in the US. The duo will introduce a varied portfolio of different sized snack variety packs, priced between $4.99 and $12.99 in January 2022. Dylan Lissette – CEO of […]
CTH, a Belgian holding company related to the Ferrero Group, has agreed to acquire a part of British biscuit manufacturer Fox’s Biscuits from Northern Food Grocery Group (NFGG), for £246 million. NFGG is owned by 2 Sisters Food Group, which is a subsidiary of UK-based Boparan Holdings. It manufactures fine biscuit brands Fox’s, Rocky, and […]
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 […]
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 […]
US canned soups producer Campbell Soup Company has agreed to sell its Danish baked snacks producer Kelsen Group to a Ferrero affiliated company for $300 million, as per the latest food acquisition news. Campbell Soup intends to use the proceeds from the sale of the Danish baked snacks producer to cut down its debt. Headquartered […]
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 […]
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 […]
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 […]