Ferrero to acquire U.S. confectionery company Ferrara Candy

Terms of the transaction were not disclosed.

Ferrara is best known as the maker of iconic brands such as Trolli, a leader in gummy candies; Brachs, a leading seasonal candy, particularly at Halloween; and Black Forest Organics, a leader in organic and fruity candies. “We are pleased to announce this agreement with Ferrero, which will enable the continued growth and momentum behind our iconic and well-loved brands,” said Todd Siwak, Chief Executive Officer of Ferrara. “We have long admired Ferrero’s core values of loyalty and trust, respect and responsibility, integrity, and commitment to quality, which align closely with our passion for bringing smiles to generations of candy lovers.”

Ferrara is the third-largest U.S. non-chocolate confectionery company, created by the merger of Ferrara Pan Candy Company, Inc. and Farley's & Sathers Candy Company, Inc. in 2012. Headquartered in Oakbrook Terrace, Illinois, the company specializes in gummies, seasonal candies, fruit snacks, and other general line candies and offers its portfolio of well-loved consumer brands and private label products through retailers.

Ferrara Pan Candy Company began as a Chicago bakery in 1908. Once candy sales became greater than baked goods, the family began producing a variety of panned candies. With USD 1 bn in annual sales in 2016, the company operates manufacturing plants in the US and Mexico and employs appr. 2700 employees.