In order to enlarge biscuit portfolio, a Ferrero-related Company has entered into a definitive agreement to acquire Burtons Biscuit Company from Ontario Teachers Pension Plan Board. Burtons employs approximately 2,000 people across six manufacturing locations in the UK
- Burtons produces some of the best-loved brands in the UK biscuit market including Maryland Cookies, Jammie Dodgers, Wagon Wheels, Patersons and Thomas Fudges.
- As part of the transaction, the Ferrero-related Company will take over the six production facilities in United Kingdom, which are based in Blackpool, Dorset, Edinburgh, Livingston, Llantarnam and Isle of Arran.
The major expansions and deals by Ferrero are mentioned below:
Nov 2020: The global chocolate and confectionery products manufacturer Ferrero, announced that its group company Ferrero North America plans to build a new chocolate manufacturing center in Bloomington, Illinois, the USA. The expansion anticipated to create approximately 50 local jobs.
Nov 2020: Ferrero announced to support the ILO to implement a 40-month project in Turkey to contribute to the elimination of the worst forms of child labour in seasonal agriculture in hazelnut harvesting.
April 2019: The Ferrero Group announced to acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Company for $1.3 billion (or 1.16 billion at current exchange rates). These businesses generated sales of approximately $900 million in 2018.
January 2018: The Ferrero Group and its affiliated companies announced a definitive agreement pursuant to which it will acquire the U.S. confectionary business from Nestlé for $2.8 billion in cash. Nestlés U.S. confectionary business generated sales of approximately $900 million in 2016.
The Ferrero Group, headquartered in Alba, Italy, is one of the largest chocolates and confectionery manufacturers in the world. The Ferrero has a strong global presence and its products are present and sold, directly or through authorised retailers, in more than 170 countries. Its global product portfolio includes Ferrero Rocher, Nutella, Kinder and Fannie May chocolates. Butterfinger, Crunch, Baby Ruth, Raisinets, and other legendary chocolate brands. The company has plants and base in North and South America, South East Asia, Eastern Europe, Africa, Australia; and, more recently, in Turkey, Mexico and China.