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 …
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Ferrero
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 …
Wells Enterprises, the US ice cream maker, has announced plans to expand its Dunkirk, New York manufacturing plant, generating more than 200 jobs. The company, which was acquired by Ferrero in December 2022 but continues to operate independently, said the investment was key to boosting production for brands like Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top. Commenting on the move, Wells Enterprises CEO Liam Killeen said: “The …
Ferrara, the leading US sugar confectionery manufacturer and Ferrero subsidiary, has announced it has signed an agreement to acquire Dori Alimentos, a Brazilian sweets and snacks manufacturer, through its holding company CTH. Dori Alimentos is a family-controlled company backed by an affiliate of ACON Investments with a brand portfolio that includes Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete, Commenting on the acquisition, Ferrara CEO Marco Capurso said: …
Confectionery firm Ferrero Group has announced the acquisition of US ice maker Wells Enterprises as part as Ferrero’s strategy to growth in the ice cream section and Wells’ vision for accelerated growth. Wells will remain a standalone business with its portfolio of brand such us Blue Bunny, Blue Ribbon Classics, Bomb Pop, and Halo Top under Ferrero’s ownership. “Ferrero is a likeminded company with a commitment to providing high-quality, premium …
Global sweet-packaged foods firm Ferrero Group has announced that the company broke ground on its new facility in Bloomington, Illinois. The new Kinder Bueno facility represented an investment of $214.4 million and it will create 200 new jobs, according to the company’s press release. Alanna Cotton, president and chief business officer of Ferrero North America said: “This investment will fuel our momentum in North America, a strategic growth area for …
Confectionery firm Ferrero North America has announced plans to open a 45,000 sq ft Innovation Centre with Strategic R&D Lab in Chicago’s Marshall Field and Company Building. This new facility will merge Ferrero’s R&D teams across the US and house employees from Ferrero’s Old Post Office location, including about 170 cross-functional teams. The Innovation Centre will represent a number of brands from the company’s portfolio including Fannie May, Nutella Cafe, …
UK based biscuit companies Fox’s Biscuits and Burton’s Biscuits, owned by Ferrero, are merging into a single business called Fox’s Burton’s Companies UK. According to sources, on the 28th March 2022, the two firms merged and will now be led by Simon Browne, the previous head of Burton’s Biscuits. Simon Browne said: “After many years of looking at one another, we are excited about bringing together two businesses that share …
Italian confectionery group Ferrero has announced the acquisition of remaining shares of the Ice Cream Factory Comaker and relevant group companies (ICFC). Ferrero initially acquired a controlling stake in ICFC in July 2019, to support its long-term strategic goals in the ice cream market. ICFC is a company specialised in private label ice creams distributing its product to several countries. According to the company’s statement, during the last two years, …
Ferrero-relative company has entered into a definitive agreement to acquire Burton’s Biscuit from Ontario Teachers’ for an undisclosed sum. The acquisition will allow the Italian producer to enlarge its offer of sweet biscuits products by adding to its portfolio British iconic brands such as Maryland Cookies, Jammie Dodgers, Wagon Wheels, Paterson’s, and Thomas Fudge’s, in addition to the six manufacturing sites in the United Kingdom, which are located in Blackpool, …
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