Ferrero Group, the global confectionery firm, has announced an agreement to acquire Bold Snacks, a Brazilian producer of protein-rich snacks. Based in Divinopolis, Minas Gerais, Bold Snacks was founded in 2018 and specialises in the ‘better-for-you’ segment with a portfolio that includes protein bars and whey protein powders. The company currently employs approximately 300 people. While Ferrero has operated in Brazil since 1994, the move marks the group’s first direct …
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Ferrero, the Italian confectionery group, is investing €140 million (approximately $162 million) to modernize its Ice Cream Factory Comaker (ICFC) plant in Alzira, Valencia, transforming it into its new European technology hub for ice cream development. The substantial investment is part of a long-term growth plan to strengthen the company’s branded ice cream portfolio across Europe, which currently includes products based on iconic brands such as Nutella, Ferrero Rocher, Raffaello …
Confectionery firm Ferrero has announced that it has entered into a definitive agreement to acquire WK Kellogg, the US breakfast cereal manufacturer, for $3.1 billion. Commenting on the move, Ferrero Group executive chairman Giovanni Ferrero said: “Over recent years, Ferrero has expanded its presence in North America, bringing together our well-known brands from around the world with local jewels rooted in the U.S. Today’s news is a key milestone in …
Ferrara, a subsidiary of confectionery giant Ferrero, has announced it has entered into exclusive discussions to acquire CPK Group, a French manufacturer and distributor of sweets and chocolates, from investment firm Eurazeo. The deal, to be transacted via a European holding company of Ferrara, would aim to combine CPK’s strong position in the European confectionery market with Ferrara’s broad portfolio of sugar confections and history of breakthrough innovation and value creation, …
Ferrero, the Italian-based confectionery firm, is investing €95 million ($108 million) to upgrade an existing facility in Villers-Ecalles, in northern France, that manufactures Nutella hazelnut spread. According to reports in Le Figaro and ESM, the investment will go towards two new warehousing units, as well as other “modernisation” works. The new investment comes on the back of €36 million ($41 million) announced for upgrades to the plant in 2022, and €42 …
Italian-based confectionery firm Ferrero has announced an investment of C$445 million ($320 million) to upgrade a production facility in Brantford, in the Canadian state of Ontario. According to sources, the expansion will aid in manufacturing new products, such as the recently-launched Ferrero Rocher chocolate squares. Nutella biscuits will also have a production line at the facility, their first outside Europe. The investment is part of Ferrero’s strategy to diversify its portfolio …
Ferrero, the global confectionery has launched Tic Tac Two, a twist on the brand’s traditional hard sweets and mints that feature dual flavour combinations in a double-sided format. Debuting this February, Tic Tac Two comes in the varieties Raspberry & Lemon, Strawberry & Lime, and Fresh & Mild Spearmint, and reportedly targets young adults. Commenting on the launch, a Ferrero spokesperson said: “This launch positions Tic Tac as the perfect refreshment for …
Confectionery firm Ferrero has announced that it has entered into an agreement to acquire protein snack company Power Crunch from Bio-Nutritional Research Group. Founded in 1996, Power Crunch offers a variety of protein-enhanced products, including snack bars, whey protein powder, and protein crisps, a newly-launched alternative to crisps. Commenting on the move, Ferrero North America president & chief business officer Michael Lindsey said: “We’re thrilled to welcome Power Crunch to the Ferrero …
CTH Invest, a Belgian holding company associated with Ferrero, has announced the acquisition of Nonni’s Bakery from Vestar Capital Partners, a leading US middle-market private equity firm. Founded in 1869, Nonni’s Bakery is described as a manufacturer of premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. Its portfolio includes brands such as Nonni’s THINaddictives, Nonni’s Bites, La Dolce Vita, and Nonni’s …
CTH Invest, a Belgian holding company associated with confectionery major Ferrero, has announced that it has entered into exclusive negotiations to fully acquire the Michel et Augustin food and drinks brand from French consumer goods giant Danone. Founded in 2004, Michel et Augustin markets biscuits, dairy products, fresh desserts and beverages. It was acquired by Danone in 2016. In a statement, Ferrero said the planned acquisition would strengthen the Ferrero …
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