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Ferrero Group

Kellogg to sell Keebler Cookies, related businesses to Ferrero

April 1, 2019 by Leading Headlines, Supplier News

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

January 16, 2018 by Leading Headlines, Supplier News

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