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CTH Invest. a Ferrero-related Belgian Holding Company, has revealed plans to purchase Nonni’s Bakery from US private equity firm Vestar Capital Partners.
Founded in 1988, Nonni’s Bakery makes premium artisanal biscotti cookies and baked goods specialising in indulgent chocolate and inclusions-enhanced biscotti. In addition to its signature biscotti, Nonni’s Bakery’s portfolio includes Nonni’s THINaddictives, Nonni’s Bites and La Dolce Vita.
Based in Wexford, Pennsylvania, US, the company operates four manufacturing plants with around 350 employees. Once complete, the acquisition will strengthen Ferrero’s presence in North America and continue its growth in the sweet-packaged food industry globally.
The proposed transaction is expected to close in the coming months, subject to customary closing conditions.
Financial terms of the deal were not disclosed.
#Ferrero #NonnisBakery #CTHInvest #US
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