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The Ferrara Candy Company is an American candy manufacturer, based in Chicago, Illinois, and owned by the Ferrero Group. The company was formed from a 2012 merger of the Illinois -based Ferrara Pan Candy Company and Minnesota -based Farley's & Sathers Candy Company .
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In October 2017, Ferrero announced that they would acquire the Ferrara Candy Company. [15] The acquisition was completed that December. [16] In January 2018, it was reported that Ferrero was purchasing Nestlé's American confectionery business for $2.8 billion.
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The following list sorts countries by the total market capitalization of all domestic companies [clarification needed] listed in the country, according to data from the World Bank. Market capitalization, commonly called market cap, is the market value of a publicly traded company's outstanding shares. [1]
In 1986, the last year of ownership by American Home Products, it accounted for two-thirds of the U.S. market for bagged candy and 7% of the $9 billion U.S. candy market. It employed 3,700 and had an estimated pretax profit of more than $75 million [ 4 ] [ 5 ] on sales of $640 million.
In 2002 Nestlé sold 23.2% of its Alcon shares on the New York Stock Exchange. In 2008 Nestlé sold 24.8% of existing Alcon shares to the Swiss pharmaceutical giant Novartis. In 2010 Nestlé sold the remaining 52% of its Alcon shares to Novartis. Novartis paid a total of 39.1 bn USD.
The Ferrara Candy Co. located in Forest Park, Illinois, produces many classic candy favorites, like Lemonhead, Trolli Brite Crawlers, Red Hots and Now and Later. Take a look at the photos above ...