M&A Deal Summary

Ferrara Candy Acquires Jelly Belly Candy

On October 18, 2023, Ferrara Candy acquired food company Jelly Belly Candy

Acquisition Highlights
  • This is Ferrara Candy’s 3rd transaction in the Food sector.
  • This is Ferrara Candy’s 2nd transaction in the United States.
  • This is Ferrara Candy’s 1st transaction in California.

M&A Deal Summary
Date 2023-10-18
Target Jelly Belly Candy
Sector Food
Buyer(s) Ferrara Candy
Deal Type Add-on Acquisition
Advisor(s) Raymond James - Investment Banking (Financial)
Foley & Lardner (Legal)

Target

Jelly Belly Candy

Fairfield, California, United States
Jelly Belly Candy is a family-owned and operated company that began making Jelly Belly, jelly beans. Jelly Belly makes more than 100 Jelly Belly jelly bean flavors, over 50 confections, and works with many popular licensed properties. Jelly Belly Candy was founded in 1898 and is based in Fairfield, California.

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Buyer(S) 1

Buyer

Ferrara Candy

Round Lake, Minnesota, United States
Category Company
Founded 2002
Sector Food
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector (Food) 3 of 3
Type (Add-on Acquisition) 2 of 2
State (California) 1 of 1
Country (United States) 2 of 2
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-24 Dori Alimentos

Marilia, Brazil

Dori Alimentos is a manufacturer and distributor of snack and candy products. The company's snacks include peanuts, chocolates, gummies, hard and chewy candies, lollipops, among others. Its portfolio also includes brands known in the Brazilian market and synonymous with their categories, such as Dori, Pettiz, Gomets, Bolete, Yogurte 100, Chococandy, and Disqueti.Dori Alimentos was founded in 1967 and is based in Marilia, Brazil.

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