PP_1170x120_10-25-21

Mark Schneider

Nestlé to sell U.S. candy business to Ferrero for $2.8B

Nestlé to sell U.S. candy business to Ferrero for $2.8B

VEVEY, Switzerland — Food and beverage giant Nestlé is selling its U.S. confectionery business to Italy-based Ferrero Group for $2.8 billion (U.S.) in cash. With the acquisition the Nestlé U.S. candy business, announced Tuesday, Ferrero will become the third-largest confectionery company in the U.S. market. The move will add more than 20 American brands to