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Ferrero to acquire Kellogg Company's cookies and fruit snacks business
The Italian Company continues to strengthen its position in the North American market
![Giovanni Ferrero](https://www.efanews.eu/resources/big/e503a7e7849ad8a0bccd28ece23e51ca.jpg.webp)
The Ferrero Group, the Italian global confectionary group, today announced a definitive agreement pursuant to which it will 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.Ferrero will acquire a strong p...
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EFA News - European Food Agency
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EFA News - European Food Agency