Nestle to sell its US production of sweets to Ferrero

The Swiss company Nestle has decided to sell its production of sweets in the USA to Italy's Ferrero for around USD 2.8 billion. Ferrero is to take over famous chocolate brands such as Crunch and Butterfinger.

Last summer, Nestle hinted at the possibility of the sale, as the company decided to focus on sectors with a bigger growth, such as pet care, coffee and food for children.

In September, the Swiss giant announced that it had bought a majority share in Blue Bottle Coffee.

Nestle said that the production of sweets comprised around 3% of the company's sales in the USA. Ferrero should take over this sector in Nestle at the end of the first quarter.

Nestlé S.A.

FERRERO Italy

Crunch

Butterfinger

Blue Bottle Coffee

Ferero

Nestle