Ferrara Holding Company In Talks To Buy French Confectioner Cpk

Carambar saccharine candy. Credit: Pekpicts/Shutterstock.

A holding institution down US group Ferrara Candy Company is eyeing CPK Group, nan French confectioner that owns brands including Carambar and Lutti.

In a connection connected Friday (11 July), Ferrara said its European holding institution has entered into “exclusive discussions” to bargain CPK from finance group Eurazeo.

Ferrara, while not owned by Ferrero Group, operates arsenic an affiliated entity nether nan aforesaid eventual power arsenic nan Italian giant.

The projected acquisition of CPK will beryllium submitted to applicable worker typical bodies for consultation.

It is expected to beryllium finalised successful nan 4th quarter, contingent connected customary closing conditions and regulatory approvals, Ferrara said.

CPK was established successful 2017 pursuing Eurazeo’s acquisition of 14 brands from Mondelez International. A twelvemonth later, CPK snapped up French confectioner Lamy Lutti.

The group, which employs much than 900 staff, has a merchandise scope that besides includes Krema, Michoko and Terry’s. It has 4 manufacturing accommodation successful France, each of which would beryllium acquired by Ferrara’s holding institution if nan woody is approved, nan connection read.

Ferrara, which has a beingness successful much than 40 countries, is down US confectionery brands specified arsenic Brach’s, Nerds and Trolli.

According to Ferrara, nan woody would harvester “CPK’s beardown position successful nan European confectionary marketplace pinch Ferrara Candy Company’s wide portfolio of sweetener confections”.

Two years ago, Ferrara announced 2 acquisitions successful 3 months. In October 2023, nan institution bought US confectioner Jelly Belly Candy Company.

In July that year, Ferrara acquired Brazilian snacks business Dori Alimentos done CTH, described arsenic “the lead holding institution of Ferrara”.

Last week, Ferrero confirmed it had struck a woody to bargain US-based meal cereals business WK Kellogg for $3.1bn.

The Ferrero Rocher and Nutella shaper said nan transaction covers WK Kellogg’s brands successful nan US, Canada and nan Caribbean specified arsenic Froot Loops, Special K, Rice Krispies and Raisin Bran.

WK Kellogg was spun-off from nan genitor Kellogg successful 2023 arsenic nan business divided successful 2 to create abstracted independent nationalist companies.

The different half of Kellogg – Kellanova, focused connected nan remainder of nan world cereals business extracurricular North America, snacks specified arsenic Pringles crisps and stiff meal foods – is successful nan throes of a $36bn takeover by privately owned confectioner Mars, inked past August.