Ferrara Candy to be acquired by Nutella maker Ferrero

Oct 23, 2017 762

BY: Samantha Bomkamp

Lemonheads, meet Nutella. Ferrara Candy, the Oakbrook Terrace-based maker of Brach's, Trolli and Lemonhead candy, is being acquired by Ferrero, the Italian maker of Nutella and Tic Tacs. The acquisition has been reviewed by the Federal Trade Commission. Financial terms were not disclosed.

Ferrero already owns a former crosstown rival, Fannie May, after buying the brand from 1-800-Flowers.com earlier this year. Ferrero, which will run Ferrara as a separate unit and keep its headquarters in Oakbrook Terrace, said it will use the acquisition to stretch into the huge U.S. market and gain access to more candy business categories.

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SOURCE: http://www.chicagotribune.com/

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