Ferrero Completes Acquisition of Ferrara Candy Company
New acquisition expands Ferrero’s footprint in the important US confectionary market
The Ferrero Group, a global confectionary group, announced that a Ferrero affiliated company has completed its previously announced acquisition of Ferrara Candy Company from L Catterton.
“We are pleased to complete this acquisition and welcome the Ferrara Candy Company to Ferrero,” said Giovanni Ferrero, Executive Chairman of the Ferrero Group. “This acquisition expands our footprint in the important US confectionary market, and establishes our presence in new categories with attractive growth prospects, such as gummy and seasonal candies. We look forward to growing Ferrara’s iconic brands and leveraging its manufacturing and distribution footprint and talented team.”