France: Ferrara in talks to acquire CPK Group

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, the company said in a statement.

Created in 2017 following the acquisition of 14 brands from Mondelez and the combination in 2018 with the company Lamy Lutti, CPK is active in sugar confectionery (notably with the Carambar, Lutti, Krema and Michoko brands) and milk chocolate (with the Terry’s, Poulain and 1848 brands).

“CPK is a great portfolio of candy and chocolate brands well loved by the French and European consumer,” commented Ferrara CEO Marco Capurso. “We are honored to be the possible future owner of this company and to work with its talented team and beloved brands”.

Source: Ferrara