M&A Deal Summary

The Ferrero Group Acquires Nestlé S.A. - US Confectionary Business

On January 16, 2018, The Ferrero Group acquired food company Nestlé S.A. - US Confectionary Business from Nestlé for 2.8B EUR

Acquisition Highlights
  • This is The Ferrero Group’s 5th transaction in the Food sector.
  • This is The Ferrero Group’s largest (disclosed) transaction.
  • This is The Ferrero Group’s 3rd transaction in the United States.
  • This is The Ferrero Group’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2018-01-16
Target Nestlé S.A. - US Confectionary Business
Sector Food
Buyer(s) The Ferrero Group
Sellers(s) Nestlé
Deal Type Divestiture
Deal Value 2.8B EUR

Target

Nestlé S.A. - US Confectionary Business

Bloomington, Illinois, United States
Nestlé S.A.'s US Confectionary Business include 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 as SweeTarts®, LaffyTaffy®, and Nerds®.

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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 5 of 10
Sector (Food) 5 of 10
Type (Divestiture) 3 of 4
State (Illinois) 2 of 3
Country (United States) 3 of 5
Year (2018) 1 of 1
Size (of disclosed) 1 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 Ice Cream Factory CoMaker S.A.

Valencia, Spain

Ice Cream Factory CoMaker S.A. is an international food & beverage company specialized in the development, manufacture, and commercialization of ice-creams. Ice Cream Factory CoMaker S.A. was founded in 1964 and is based in Valencia, Spain.

Buy -

Seller(S) 1

SELLER

Nestlé

Vevey, Switzerland

website


Category Company
Founded 1866
Sector Food
Employees276,000
Revenue 92.9B CHF (2019)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.


DEAL STATS #
Overall 14 of 20
Sector (Food) 9 of 11
Type (Divestiture) 11 of 17
State (Illinois) 1 of 1
Country (United States) 4 of 7
Year (2018) 1 of 2
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Atrium Innovations

Westmount, Quebec, Canada

Atrium Innovations Inc. engages in the innovation, formulation, production, and commercialization of science-based and professionally-endorsed products for health and nutrition industries. Atrium’s largest brand, Garden of Life®, is the #1 brand in the natural supplement industry in the U.S. Garden of Life, headquartered in Palm Beach Gardens, Florida, manufactures certified organic, non-GMO supplements that are sold in more than 14,000 health food stores and online in the U.S., as well as select markets internationally.

Buy $2.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 Tailsco

Richmond, United Kingdom

Tailsco Ltd. is a direct-to-consumer, tailor-made dog nutrition business based in the UK. Tails.com has brought tailored dog nutrition to consumers at competitive prices. The company was early to identify changes in the way consumers want to shop and care for their pets, and married digital technology, food innovation and new manufacturing techniques to provide food individually tailored according to factors such as a dog’s age, breed, size and level of activity.

Buy -