Ferrara Candy Company to acquire Brasilian company Dori Alimentos

 

The acquisition will be made through CTH, which is the lead holding company of Ferrara. Financial terms of the transaction were not disclosed.

Dori Alimentos is a family-controlled company backed by an affiliate of ACON Investments. Since its founding in 1967, Dori has built strong and recognized brands that are loved by millions of consumers across Brazil including Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete. Dori’s strong portfolio, consistent performance and multi-channel nationwide distribution capabilities have allowed it to enjoy double-digit revenue growth over the last several years.

Once the transaction is closed, Dori’s over 3,100 employees will join Ferrara’s 4,600 team members to advance a shared vision and strategy and bring additional sweetness to consumers around the world. The transaction is expected to close in the fourth quarter of 2023 and is subject to certain closing conditions. “Dori is a great fit with Ferrara, with a complementary portfolio of candies, similar heritage and a values-driven internal culture,” said Marco Capurso, Chief Executive Officer of Ferrara. “We have deep admiration for Dori’s products and extraordinary team. We are excited to enter the fast-growing Brazilian market and create tremendous opportunity ahead for both Dori and Ferrara.”