M&A Nutella owner Ferrero acquires Nestlé’s US candy business for $2.8bn 16-Jan-2018 By Douglas Yu Nestlé has sold its US candy business ($924m in 2016 sales), which includes Butterfinger, Baby Ruth and Raisinets, to Nutella maker Ferrero for $2.8bn in cash.
Raisio divests $120m confectionery business ahead of Nestlé to focus on healthy foods 03-Jan-2018 By Douglas Yu Raisio has sold its entire confectionery operations in the UK and Czech Republic to Valeo Foods Group for $120m.
Nestlé ‘strongly committed’ to confectionery outside US as segment declines continue 31-Jul-2017 By Oliver Nieburg Nestlé’s confectionery business has continued to decline in the first half of 2017, but it says it remains committed to the segment.