May 23/Round Lake, Minn. and Forest Park, Ill./PRNewswire -- Farley's & Sathers Candy Company and Ferrara Pan Candy Company announced the signing of a definitive merger agreement under which the two companies will combine to create a leading general line candy manufacturer. The combined company, Ferrara Candy Company Inc., will maintain the century-old Ferrara name and will be led by longtime industry leader Salvatore Ferrara II, the chairman and CEO of Ferrara Pan. Terms of the transaction were not disclosed.
Ferrara Pan manufactures both branded and private-label confections, including Lemonheads, Red Hots, Black Forest, Atomic Fireballs and Boston Baked Beans. Farley's & Sathers is a manufacturer and distributor of confectionery and gum products including Brach's, Now and Later, Trolli, Jujyfruits and Chuckles. The combination will leverage Ferrara Pan's and Farley's & Sathers' combined portfolio of products, collective knowledge of confections, category management expertise, and broad supply chain to offer superior branded and private label solutions to their customers and consumers.