M&A Deal Summary

The Ferrero Group Acquires Fannie May Confections Brands

On March 15, 2017, The Ferrero Group acquired food company Fannie May Confections Brands from 1-800-Flowers.com for 115M USD

Acquisition Highlights
  • This is The Ferrero Group’s 3rd transaction in the Food sector.
  • This is The Ferrero Group’s 5th largest (disclosed) transaction.
  • This is The Ferrero Group’s 1st transaction in the United States.
  • This is The Ferrero Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2017-03-15
Target Fannie May Confections Brands
Sector Food
Buyer(s) The Ferrero Group
Sellers(s) 1-800-Flowers.com
Deal Type Divestiture
Deal Value 115M USD

Target

Fannie May Confections Brands

Melrose Park, Illinois, United States
website
Fannie May Confections Brands, Inc. is a manufacturer and distributor of confectionery and specialty food products in the United States and Canada.

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Buyer(S) 1

Buyer

The Ferrero Group

Alba, Italy

website


Category Company
Founded 1946
Sector Food
Employees34,000
Revenue 10.5B EUR (2017)
DESCRIPTION

The Ferrero Group is a global manufacturer of branded chocolate and confectionery products. Ferrero was established in 1946 and is headquartered in Alba, Italy.


DEAL STATS #
Overall 3 of 10
Sector (Food) 3 of 10
Type (Divestiture) 2 of 4
State (Illinois) 1 of 3
Country (United States) 1 of 5
Year (2017) 1 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-06 N.V. Biscuit Delacre S.A.

Groot-Bijgaarden, Belgium

N.V. Biscuit Delacre S.A. is a manufacturer, marketer and distributor of chocolate dipped cookies and biscuits.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Ferrara Candy

Round Lake, Minnesota, United States

Ferrara Candy Co., Inc. is a manufacturer and distributor of quality confectionery and gum products, offering full line, full service opportunities to all classes of trade in the United States.

Buy -

Seller(S) 1

SELLER

1-800-Flowers.com

Jericho, New York, United States

website


Category Company
Founded 1976
Sector E-Commerce
Employees4,800
Revenue 2.1B USD (2021)
DESCRIPTION

1-800-Flowers.com is a floral and gift retailer company. 1-800-Flowers provides a broad range of gift products, including flowers, plants, gourmet foods, candies, gift baskets and other unique gifts to customers around the world through the company's web site, telephone call centers and company owned or franchised stores. 1-800-Flowers was incorporated in 1976 and is based in Jericho, New York.


DEAL STATS #
Overall 3 of 3
Sector (Food) 1 of 1
Type (Divestiture) 3 of 3
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Fine Stationery

Colorado Springs, Colorado, United States

Fine Stationery provides personalized stationery, invitations, and announcements on the Internet. The company offers party, wedding, and bridal shower invitations; Christmas and holiday cards; and birth and moving announcements. Fine Stationery was founded in 1999 and is based in Colorado Springs, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-27 Personalization Universe

Carle Place, New York, United States

Personalization Universe is provider of online market place for personalized gifts and keepsakes, seasonal products, and popular brands. Personalization Universe is based in Carle Place, New York.

Buy -