3 things to know about new Nestle U.S. owner Ferrero (2024)

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Is Ferrero owner of Nestle? ›

In October 2017, Ferrero announced that they would acquire the Ferrara Candy Company. The acquisition was completed that December. On 16 January 2018, it was reported that Ferrero was purchasing Nestlé's American confectionery business for $2.8 billion.

Nestle, the country's fourth-largest candy company, has said it put its U.S. candy business on the market to focus on healthy foods. The Italian Ferrero, meanwhile, is trying to expand into new territory — and will become the third-largest U.S. candy-maker in the process.

The Ferrero Group brings joy to people around the world with much-loved treats and snacks, including Nutella^®, Kinder^®, Tic Tac^® and Ferrero Rocher^®.

Since its founding in Alba, Italy, in 1946, Ferrero has been a private, family-owned company, now in its third generation. It is led by Mr Giovanni Ferrero as Executive Chairman and Mr Lapo Civiletti as Chief Executive Officer (CEO).

To most people, Ferrero is simply the first part of the name of individually wrapped hazelnut chocolate pieces that you often see out around Valentine's Day and Mother's Day — Ferrero Rocher. But on Tuesday, the European chocolate company announced it was buying Nestle's U.S. confectionary business for $2.8 billion.

Nestlé

Nestlé Holdings, Inc.

Ferrero completes acquisition of Nestle USA's confectionery business | 2018-04-02 | Food Business News.

The single most important reason for Ferrero's success ever since its inception is the quality of its products. But Ferrero isn't just about the products; it is about the stand-alone brands – Nutella, Kinder, Tic Tac, and Ferrero Rocher that are renowned worldwide.

In November 2017, The Ferrero Group announced that they were going to acquire the company, which was finalized in December 2017. In 2018, Ferrara's parent company Ferrero SpA purchased Nestlé's U.S. candy line for $2.8 billion and handed responsibility for most products to Ferrara.

Ferrero is the fastest growing confectionery company in North America, generating double digit growth and guiding multiple brand turnarounds over the years.

What makes Ferrero unique? ›

Ferrero Rocher was born in 1982 after a very long process of research and development for excellence. Thanks to its unique and exquisite recipe, the refined golden wrapper and a distinctive transparent box, Ferrero Rocher was recognized since its launch as a true symbol of Ferrero quality and excellence.

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.

He assumed the leadership of the confectionery company Ferrero SpA after the death of his brother Pietro Ferrero in 2011. His personal fortune is estimated at $43.8 billion in 2024 according to Forbes, making him the 26th richest in the world, and richest person in Italy.

Nutella (US: /nuːˈtɛlə/ noo-TEL-ə, UK: /nʌˈtɛlə/ nuh-TEL-ə, Italian: [nuˈtɛlla]) is a brand of brown, sweetened hazelnut cocoa spread. Nutella is manufactured by the Italian company Ferrero and was introduced in 1964, although its first iteration dates to 1963.

Ferrero completes acquisition of Nestle USA's confectionery business | 2018-04-02 | Food Business News.

Ferrero will acquire more than 20 American brands with a rich heritage and strong awareness, including iconic chocolate brands such as Butterfinger^®, BabyRuth^®, 100Grand^®, Raisinets^®, Wonka^® and the exclusive right to the Crunch^® brand for confectionary and certain categories in the U.S., as well as sugar brands such ...