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 …
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Ferrero
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 …
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 …
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