The Ferrero Group has announced a definitive agreement, whereby a Ferrero-affiliated company will acquire Ferrara Candy Company from L Catterton, a private equity firm. Ferrara is America’s the third-largest nonchocolate confectionery company and the maker of brands such as Brachs, Trolli and Black Forest Organics. To date, the terms of the transaction have not disclosed.
Ferrero makes move into new segment
Is set to take over another confectionery giant.
Oct 19, 2017