FDBusiness.com

Ferrero International Completes US Chocolate Confectionery Acquisition

 Breaking News
  • Kerry Group Announces Two Further Strategic Acquisitions Kerry Group, the global taste, nutrition and consumer foods business, has announced that it has agreed to acquire Ariake USA, the North American Business of Ariake Japan Co, and Southeastern Mills North American coatings and seasonings business (SEM), both deals are subject to customary closing conditions. These acquisitions further enhance Kerry Group’s foundational technology portfolio, [...]...
  • DMK Group and FrieslandCampina Sign Manufacturing Agreement Royal FrieslandCampina and DMK Group have signed a contract manufacturing agreement for mozzarella and yellow cheese production. The agreement will become effective in 2019. FrieslandCampina will supply the milk of its member dairy farmers to DMK. DMK will provide the production facilities and expertise at Hoogeveen (Netherlands) and Georgsmarienhütte (Germany). For this purpose, DMK will [...]...
  • Barry Callebaut Completes Deal With Burton’s Biscuit Company in the UK After signing an agreement with Burton’s Biscuit Company, the UK’s second biggest biscuit manufacturer, for the long-term supply of over 12,000 tonnes of chocolate and compound per year on September 19, 2018, Barry Callebaut, the world’s leading manufacturer of high-quality chocolate and cocoa products, has now successfully closed the transaction. The deal also entails Barry Callebaut [...]...
  • Carlsberg Group Increases Ownership of Super Bock Group in Portugal The Carlsberg Group has acquired 28.5% of the shares in Viacerm which is the controlling shareholder of Super Bock Group, holding 56% of the shares. The other 44% of the shares in Super Bock Group are owned by Carlsberg. Super Bock Group is the market leader in Portugal, holding a market share of 47% with a [...]...
  • UK Restaurant Numbers Fall 2% in a Year The number of restaurants in Britain slipped by 2.0% over the year to September 2018, the new edition of the Market Growth Monitor from CGA and AlixPartners reveals – equivalent to more than 10 closures a week. The exclusive research shows that Britain had a total of 26,892 restaurants at September. The net fall of 539 [...]...

Ferrero International Completes US Chocolate Confectionery Acquisition

Ferrero International Completes US Chocolate Confectionery Acquisition
June 01
12:37 2017

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.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 18, 2019Multimodal 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber





Subscribe Here



Advertisements