September 24/FactSet Flashwire -- Grupo Nacional de Chocolates SA agreed to acquire Fehr Foods Inc. for $84 million in cash. The acquisition will allow Grupo Nacional de Chocolates SA to expand its range of brand of cookies.
Grupo Nacional de Chocolates SA intends to use its own resources and bank loans secured by its subsidiaries to finance the transaction. Included in the acquisition are Fehr Foods Inc's production facilities in Texas and Oklahoma.