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Ferrero to Acquire Nestlé's U.S. Confectionery Business

The Ferrero Group announced this week a definitive agreement to acquire the U.S. confectionery business from Nestlé for $2.8 billion in cash. With this transaction, Ferrero will become the third-largest confectionery company in the U.S. market.

Ferrero's Press Release.

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The Convenience Distribution Association (CDA) is the trade organization working on behalf of convenience products distributors in the United States. Its distributor members represent more than $102 billion in U.S convenience product sales, serving a wide variety of small retail formats. Associate members include leading convenience product manufacturers, brokers, retailers, suppliers and others allied to the industry.

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