©Company Dori Alimentos
Ferrara Candy Company, a US sweets manufacturer owned by Ferrero Group, has agreed to acquire Dori Alimentos for an undisclosed sum.
Founded in 1967, Dori Alimentos is a Brazilian manufacturer and distributor of sweets and snacks. Its brands include: Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100 and Bolete.
The acquisition will be made through Ferrera’s holding company CTH.
Upon the completion of the transaction, Dori’s workforce of over 3,100 employees will join Ferrara’s existing team of 4,600 members. Together, the companies will drive forward a “shared vision and strategy,” said the company.
Pedro Lobo, chief executive officer of Dori, said: “We are thrilled to join Ferrara…Like us, Ferrara puts the consumer at the centre of all they do, shares our spirit of innovation and believes in the emotional power of candies and snacks. This pairing reflects the outstanding company that the Dori team has built over fifty-six years and our standing as industry pioneers in Brazil. We are thrilled to preserve that valued heritage.”
Marco Capurso, chief executive officer of Ferrara, commented: “Dori is a great fit with Ferrara, with a complementary portfolio of candies, similar heritage and a values-driven internal culture. We have deep admiration for Dori’s products and extraordinary team. We are excited to enter the fast-growing Brazilian market and create tremendous opportunity ahead for both Dori and Ferrara.”
The transaction, which is expected to close in the fourth quarter of 2023, is subject to certain closing conditions.
© FoodBev Media Ltd 2023