Ferrara Candy Company to Acquire Jelly Belly Candy Company
Transaction to add well-known, family-owned candy brands to Ferrara’s fast-growing platform
Ferrara Candy Company announced an agreement to acquire Jelly Belly Candy Company through CTH Invest, the lead holding company of Ferrara. Financial terms of the transaction were not disclosed.
The proposed acquisition would combine Jelly Belly Candy Company’s more than 100 flavors of Jelly Belly® jelly beans and gourmet specialty confections with Ferrara’s broad portfolio of sugar candies. Once the acquisition closes, nearly 800 global Jelly Belly employees and its facilities in California, Illinois, and Thailand will join the Ferrara organization. Jeff Brown, who is currently the executive vice president of global operations and Distribution of Jelly Belly, will become its chief executive officer.