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Ferrara Candy Company announced an agreement to acquire Jelly Belly Candy Company for an undisclosed amount. Once the transaction is completed Jelly Belly’s nearly 800 employees and facilities in the US and Thailand will become part of the Ferrara brand. “As we considered the future of Jelly Belly Candy Company, we have been steadfast in our commitment to create a win-win situation for our employees, consumers and products,” said Herman Rowland, chairman of the board of directors of Jelly Belly. “When I met with the Ferrara team, I recognised a like-minded group that shares our knowledge and passion for the candy business and has the talent and resources to grow our products and the careers of our people around the world. I am confident of the continued success of Jelly Belly as part of the Ferrara portfolio.” “We are excited to bring Jelly Belly’s imaginative products and talented team into the Ferrara community,” said Marco Capurso chief executive officer of Ferrara. “Our dedication to creating high-quality, innovative sugar confections for the world and our deep relationships with retailers aligns perfectly with the Jelly Belly track record and passion for quality, reliability and customer service. We look forward to working together to build on the success of all our brands.” The transaction is expected to close by the end of 2023 subject to closing conditions. You may also like:
