CESTMOI_1170x120_11-14-18

Ferrero Group

Kellogg to sell Keebler Cookies, related businesses to Ferrero

Kellogg to sell Keebler Cookies, related businesses to Ferrero

BATTLE CREEK, Mich. — Kellogg Co. has reached an agreement to sell selected cookies, fruit and fruit-flavored snacks, pie crusts, and ice cream cone businesses to the Ferrero Group and its related companies. The cash transaction is valued at $1.3 billion (or €1.16 billion, at current exchange rates), and includes brands and assets primarily related to

Nestlé to sell U.S. candy business to Ferrero for $2.8B

Nestlé to sell U.S. candy business to Ferrero for $2.8B

VEVEY, Switzerland — Food and beverage giant Nestlé is selling its U.S. confectionery business to Italy-based Ferrero Group for $2.8 billion (U.S.) in cash. With the acquisition the Nestlé U.S. candy business, announced Tuesday, Ferrero will become the third-largest confectionery company in the U.S. market. The move will add more than 20 American brands to