Ferrero International Completes US Chocolate Confectionery Acquisition
Ferrero International, the Italian confectionery group, has completed the acquisition of Fannie May Confections Brands and the Harry London chocolate brands from 1-800-FLOWERS.com, a multi-brand provider of gourmet and floral gifts. The acquisition includes all operations of Fannie May, together with the manufacturing facility in Ohio and two warehouse and distribution facilities, located in Ohio and Illinois.
Fannie May is a manufacturer of premium chocolates and confections and was founded in 1920 in Chicago, Illinois. The company has grown into one of the most well-known and loved premium confectionery brands in the Midwestern United States.
Fannie May will operate as a standalone entity under the Ferrero Group, with support from Ferrero USA., as needed. At the same time, Ferrero USA will maintain its headquarters in Parsippany, New Jersey and its assembly and packaging facility in Somerset, New Jersey.
Founded in 1946, Ferrero is the third-largest company in the global chocolate confectionery market, with global sales of over $11 billion, distribution across over 160 countries, and a workforce of more than 30,000 people across 53 countries. Ferrero entered the US market in 1969 with Tic Tac mints. The company subsequently introduced Ferrero Rocher pralines and Nutella hazelnut spread.
