USA: Ferrero to build new innovation centre in Chicago
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 […]
UK: Fox’s Biscuits and Burton’s Biscuits to merge
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 […]
Spain: Ferrero to acquire remaining share of ICFC
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 […]
UK: Ferrero to acquire Burton’s Biscuit
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 […]
UK: Ferrero to acquire Fox’s Biscuits from 2 Sisters for £246 million
CTH Invest, a Belgian holding company associated with Ferrero, has entered into an agreement to acquire part of Fox’s biscuit business from 2 Sister Food group for £246 million ($328 million), according to a FoodBev report. Fox’s Biscuits owns brands such as Rocky Bars, Party Rings, Crunch Creams, and also manufactures for private label companies. As part […]
USA: Campbell Soup to offload Kelsen Group
Campbell Soup, the leading US food manufacturer, has announced it has signed a definitive agreement to sell the Kelsen Group, a biscuit company that is part of the Campbell International business. to a Ferrero affiliated firm for $300 million. The company said the deal would enable it to reduce its debt burden, adding that the process is now […]
Spain: Ferrero to acquire Ice Cream Factory Comaker
Global confectionery group Ferrero has announced a definitive agreement to acquire a controlling stake in Ice Cream Factory Comaker (ICFC), a Spanish ice cream manufacturer. In a joint press release, Ferrero said the acquisition reinforced its commitment to satisfying consumers’ needs in different categories. ICFC is a global food company specialised in designing and manufacturing ice […]
USA: Kellogg to sell biscuit, snack brands to Ferrero
Kellogg, the leading US cereal and snacks firm, has announced it has reached an agreement to sell selected biscuit, fruit and fruit-flavored snack, pie crust, and ice cream cone businesses to confectionery firm Ferrero in an all-cash transaction valued at $1.3 billion. The transaction includes Kellogg’s biscuit business, including brands like Keebler, Mother’s, Famous Amos, Murray’s, and Murray’s Sugar Free, as […]
USA: Nestle agrees to sell confectionery unit to Ferrero
FMCG multinational Nestle has announced that it has reached an agreement to sell its US confectionery unit to the Italian firm Ferrero for $2.8 billion. The Swiss giant first announced it was conducting a “strategic review” of its confectionery operations in the second quarter of 2017. Since then, the firm has been seeking to refocus its […]
USA: Ferrero launches Kinder brand
Ferrero, the Italian chocolate spread and confectionery firm, has announced the debut of its Kinder brand in the USA with the launch of chocolate novelty Kinder Joy. Kinder Joy is described an egg-shaped product containing sweet milk-cream flavour and cocoa flavours in one half, and a toy in the other. Currently sold in 170 countries, the Kinder […]