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Ferrara Candy Company, a player in the US sugar confectionery market, has initiated exclusive discussions to acquire CPK Group, a French manufacturer and distributor of candies and chocolates.

The potential acquisition, which involves CPK being sold by the global investment group Eurazeo, is expected to enhance Ferrara's portfolio of over 30 brands and strengthen its position in the European confectionery sector.

This strategic move comes as Ferrara seeks to expand its footprint in Europe, leveraging CPK's established market presence and product offerings. CPK, formed in 2017 through the acquisition of 14 brands from Mondelez and subsequent consolidation with Lamy Lutti, boasts a diverse range of well-known candy and chocolate brands, including Carambar, Lutti, Krema and Terry's.

The group is particularly recognised for its strong market segments in candy and milk chocolate, making it an attractive addition to Ferrara's existing operations.

The acquisition is anticipated to close in the fourth quarter of 2025, pending customary regulatory approvals and consultations with employee representative bodies. Upon completion, CPK's workforce of over 900 employees will join Ferrara, with operations continuing from its manufacturing sites in France, including Bondues, Saint-Genest, Strasbourg and Vichy.

Marco Capurso, CEO of Ferrara Candy Company, expressed optimism about the acquisition, highlighting CPK's portfolio as a valuable asset that resonates with European consumers. This acquisition aligns with Ferrara's long-term growth strategy and its commitment to delivering a wide array of confectionery products to a broader audience.

Ferrara Candy Company, headquartered in Chicago, has been a significant player in the sugar confectionery market for over 115 years. The company has established a strong presence in more than 40 countries, with a diverse range of iconic brands such as Nerds, Jelly Belly and SweeTarts.

The proposed acquisition of CPK is seen as a strategic effort to capitalise on the growing demand for confectionery products in Europe and to enhance Ferrara's innovation capabilities within the sector.