USA > Swiss’ Nestlé agrees to sell its U.S’ confectionery business to Italian Ferrero for $2.8 billion in cash

nestle logo Headquartered in Switzerland, Nestlé agrees to sell its U.S. confectionery business to Italy based Ferrero for $2.8 billion in cash. Representing about three percent of U.S. Nestlé Group sales, Nestlé’s U.S. confectionery business includes popular brands of chocolate such as Butterfinger, Crunch, BabyRuth, 100 Grand,  Raisinets, Chunky, OhHenry! and SnoCaps, as well as local sugar brands such as SweeTarts, LaffyTaffy, Nerds, FunDip, PixyStix, Gobstopper, BottleCaps, Spree and Runts. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million More …

SINGAPORE > Italy’s Ferrero Opens Singapore Innovation Center

ferrero According to Ferrero’s press release, the company officially launched its Innovation Center in Singapore: the company’s first Asian innovation center. The center is designed to strengthen Ferrero’s position by furthering innovation in the areas of health and nutrition, new raw materials, product research and development and consumer insight. Ferrero’s decision to open the Innovation Center in Singapore is “motivated by its strategic location More …