Ferrero to buy third-largest US non-chocolate confectionary company | Progresiv
The Ferrero Group has announced a deal to acquire Ferrara Candy, the third-largest US non-chocolate confectionary company. No financial details of the deal were disclosed. 
Ferrara owns brands such as Trolli, Brachs, and Black Forest Organics. The deal includes Ferrara’s four manufacturing and distribution plants, two distribution centres, and an engineering and R&D centre. The deal is expected to close in the fourth quarter of 2017.
Giovanni Ferrero, Executive Chairman of the Ferrero Group, said: “With this acquisition, we are continuing to increase our overall footprint and product offering in the important US market, establishing a presence in new confectionary categories with attractive growth prospects, including gummy and seasonal candies. We look forward to continuing to grow the Ferrara business, investing in its brands to support expansion plans, leveraging its US manufacturing plants and distribution centers, and creating opportunities for its talented people.” (www.kamcity.com)
