Ferrara Holding Company Seals Deal For French Confectioner Cpk

Carambar saccharine candy. Credit: Pekpicts/Shutterstock.

A European holding institution for Ferrara Candy Company has finalised nan acquisition of French sweets shaper CPK Group from finance patient Eurazeo. 

In a statement, Eurazeo said nan woody has “generated astir €240m ($276.4m) of proceeds allocated” to its equilibrium sheet.

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In July, Ferrara and Eurazeo announced nan 2 sides were successful exclusive talks complete a imaginable deal.

The transaction gives Ferrara brands including Carambar, Poulain, Lutti and Terry’s.

Eurazeo said nan waste “reaffirms its strategy of supporting eager and responsible transformations, while creating important worth for its clients and shareholders”. 

CPK was created successful 2017 pursuing Eurazeo’s acquisition of 14 brands from Mondelez International and went connected to get French confectioner Lamy Lutti nan pursuing year. 

In a station connected LinkedIn, Ferrara CEO Marco Capurso said: “The practice and timeless entreaty of these [CPK’s] brands has earned generations of loyal consumers successful France and beyond. Our caller colleagues stock our passion for quality, building beloved brands and delighting consumers.” 

More than 850 CPK labor and 4 factories successful France will beryllium transferred to Ferrara. The sites are successful Bondues, Saint-Genest, Strasbourg and Vichy.

Under nan caller ownership, CPK will proceed to person its office successful France, according to nan statement.  

It will beryllium overseen by Ferrara and led by existent CEO Marc Auclair and his elder team. 

Ferrara, while not owned by Ferrero Group, operates arsenic an affiliated entity nether nan aforesaid eventual power arsenic nan Italian giant. Its US brands see Brach’s, Nerds and Trolli.