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The company was formed from a 2012 merger of the Illinois-based Ferrara Pan Candy Company and Minnesota-based Farley's & Sathers Candy Company. Ferrara's product line includes the brands of Ferrara-branded pan candy (such as Lemonheads , Atomic Fireballs , Red Hots , and Original Boston Baked Beans ) and those of Farley's & Sathers (such as ...
In September 2017, Lapo Civiletti became the first non-family CEO in the history of the company. Giovanni Ferrero instead became the executive chairman, focusing on long-term strategy. [14] In October 2017, Ferrero announced that they would acquire the Ferrara Candy Company. [15] The acquisition was completed that December. [16]
In September 1994, Jacobs purchased the Brock Candy Company of Chattanooga for $140 million, a year in which Brock Candy had sales of $112 million and profits of $6.5 million. This was the second attempt by the two companies to join. The first time had been while E. J. Brach's was under American Home Products ownership.
Kellogg agreed to sell its Keebler and Famous Amos brands, as well as its fruit snacks business, to Ferrero for $1.3 billion.
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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 ...
In the 1980s, Trolli exports to North America grew to 40 tonnes per day, and in 1986 Mederer built a production facility in Creston, Iowa.Trolli's US operations were sold to Favorite Brands International in 1996 and was subsequently owned by Nabisco (1999), Kraft Foods (2000), Wrigleys (2005), and Farley's & Sathers Candy Company (2006) [5] which was merged with Ferrara Candy Company in 2013.
Michele Ferrero died in 2015, [8] leaving the company solely in Giovanni's hands. American business magazine Forbes reported that Giovanni Ferrero then took over the role of executive chairman in 2015, and held both the titles of CEO and executive chairman for two years until he hired Lapo Civiletti to take over the company's CEO position in 2017.