Nutella Maker Ferrero Wants to Buy Nestle's Chocolate Business
6 monthes ago - By Eater
The deal is said to be worth a cool $2.8 billion The first Big Food merger of 2018 is poised to be a sweet one: Italian chocolate maker Ferrero SpA is reportedly in talks to buy Nestle's U.S. candy business for $2.8 billion, according to Bloomberg. In addition to its namesake foil-wrapped truffles, Ferrero Rocher also makes Nutella and Tic Tacs.
Nestle's confectionery division includes numerous iconic candy bars such as Butterfinger, Baby Ruth, Kit Kat, and Nestle Crunch. Though the world's biggest food and beverage brand has long been synonymous with chocolate in the U.S., it's pivoting...
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