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Ferrero’s been trying to get in on the candy market in the US for years now, buying the chocolatier Fannie May last year. Candy, The year was 1946 and it marked the start of what was to become Ferrero. As you’ve grown so have we, crafting new brands, new product categories and acquiring brands such as Thorntons and Fannie May. Nestle is selling its U.S. confectionery business to Italian chocolate and candy maker Ferrero for an estimated $2.8 billion, the company said Tuesday. The big news in the confectionary world is that Nestlé, which started as a Swiss milk chocolate company in 1880, just sold its U.S. candy to Ferrero, the Italian family-owned company responsible for Nutella and Ferrero Rocher pralines.For $2.8 billion, Ferrero will acquire brands like Crunch Bar, Baby Ruth, Wonka and Butterfinger, which brought Nestlé $900 million in 2016. The factory will produce chocolate under brands including Crunch, Raisinets and Ferrero Rocher. The $2.8bn deal makes Ferrero the third largest manufacturer​​ in the US chocolate market, according to Euromonitor. Nestlé sold its US confections to Ferrero for $2.8bn earlier this year to focus more on health foods, while Ferrero acquired Ferrara in late last year to expand its product offerings in the US.. However, analysts suspected that Nestlé’s not being premium might be a challenge as Ferrero hoped to expand its US footprint with more premium products​​, ConfectioneryNews previously reported. First introduced in 1982, Ferrero Rocher is today the world leader in its category and represents “the golden experience” of premium chocolate confectionery. A Selection of Nestlé's U.S. Isai Rocha Jan 16, 2018. First introduced in 1990, Raffaello is the perfect expression of your love and affection for those you hold dear, any day of the year. 12-Apr-2018 at 09:14 GMT. Subscribe, By Douglas Yu Both hubs pursue the development of cutting-edge research and technologies to further transform our products and business. In 2018 the Ferrero Group announced the acquisition of Nestlé USA's chocolate confectionary business through which many iconic American brands, such as Butterfinger, BabyRuth, 100Grand, Raisinets, and the exclusive right to the Crunch brand for the U.S. market became part of our extended brand portfolio. In 2018 the Ferrero Group announced the acquisition of Nestlé USA's chocolate confectionary business through which many iconic American brands, such as Butterfinger, BabyRuth, 100Grand, Raisinets, and the exclusive right to the Crunch brand for the U.S. market became part of our extended brand portfolio. This year, it announced a $1.3 million acquisition of Michigan-based Kellogg’s cookies, fruit-flavored snacks, ice cream cones and pie crusts. Canali Mattia, 1573880 Candia Francesco, 1813781 Celano Marco, 1593326 Crepaldi Giulio, 1729466 Fratino Eleonora Pia, 1601301 Nocella Anna, 1600279 Crescita attorno al core business This is around 3 per cent of the group’s total sales. - Last updated on Swiss food group Nestle has agreed to sell its U.S. confectionery business to Italy's Ferrero for $2.8 billion The deal closed on May 30, 2017, and Ferrero paid $115 million. Since then, we have been inventing and innovating continuously to give families around the globe a positive start to their days, with a spread & smile. Ferrero International SA is a manufacturer of branded chocolate and confectionery products and it is the second biggest chocolate producer and confectionery company in the world.. These same emotions, shared across generations, are experienced every day by our extended Ferrero family when crafting the iconic brands that make us feel at home. Nestle is selling its US sweets and chocolate business to Ferrero Group for 2.7bn Swiss francs ($2.8bn; £2bn). En 2018, le Groupe Ferrero a annoncé le rachat de l'activité de confiserie-chocolaterie de Nestlé USA, qui comprend un portefeuille de nombreuses marques américaines célèbres, comme Butterfinger, BabyRuth, 100Grand, Raisinets, et l'acquisition des droits exclusifs de la marque Crunch pour le marché américain. Nous nous réservons un droit de modération des commentaire Cookies and snacks business to Ferrero 2015 for £112 million since last June brands... On the market publicly since last June Group ’ s reformulation plan starts with Butterfinger and Crunch because these iconic. Food to enhance lives 12-Apr-2018 - last updated on 12-Apr-2018 at 09:14 GMT assortment the. And Tic Tac is about hanging out while sharing sparkling and refreshing moments its 72-year history chocolate company May​​. 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