Nutella maker Ferrero buys Kellogg cookie business for 1.3 bn dollars
The deal covers the "Keebler," "Famous Amos," "Mother's," "Murray" and "Little Brownie Bakers" cookie brands, as well as "Stretch Island" fruit snacks and "Keebler's" ice cream cones and pie crust products, a statement said.
It will also result in Ferrero taking over from Kellogg: six food manufacturing facilities in Allyn in Washington State, Augusta in Georgia, and Florence and Louisville in Kentucky; two plants in Chicago, Illinois; and a leased manufacturing facility in Baltimore, Maryland.
"[The transaction is] an excellent strategic fit for Ferrero as we continue to increase our overall footprint and product offerings in the North American market," said Ferrero's Chief Executive, Giovanni Ferrero. (dpa)
Most read news
Other news from the department business & finance
Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.