March 31, 2018
LUXEMBOURG--The Ferrero Group and its related companies companies (“Ferrero”), a global confectionary group, today announced that it has completed its previously announced acquisition of Nestlé USA’s confectionary business, with more than 20 iconic American brands, including chocolate favorites such as Butterfinger®, BabyRuth®, 100Grand®, Raisinets®, Wonka® and the exclusive right to the Crunch® brand for confectionary and certain categories in the U.S., as well as sugar brands such as SweeTarts®, LaffyTaffy®, and Nerds®.
“We are pleased to welcome Nestlé USA’s confectionary brands and its talented employees to Ferrero. This outstanding portfolio of iconic brands with rich histories and tremendous brand awareness is a strong addition to Ferrero’s growing U.S. platform, which includes the recently acquired Ferrara Candy Company and Fannie May Confections Brands,” said Giovanni Ferrero, Executive Chairman of the Ferrero Group. “With our substantially increased scale and broader offering of high-quality products across the chocolate snack, sugar confectionary and seasonal categories, Ferrero is poised for continued growth in the key U.S. market.”
Lapo Civiletti, CEO of the Ferrero Group, added, “This is an important moment for the Ferrero Group, and we are confident that our commitment to deliver value to North American consumers and customers will be strongly enhanced by the addition of these powerful brands to our portfolio.”