Global food giant Nestle SA yesterday struck a deal to sell its confectionery business in the U.S. to Italy's Ferrero for $2.8 billion in cash.
The acquisition of Nestlé will make Ferrero the third-largest US confectionery business behind Hershey and Mars.
Ferrero will acquire more than 20 American brands with a rich heritage and strong awareness, including iconic chocolate brands such as Butterfinger, BabyRuth, 100Grand, Raisinets, Wonka and the exclusive right to the Crunch brand for confectionary and certain categories in the USA, as well as sugar brands such as Sweet Tarts, LaffyTaffy, and Nerds.
The Italian confectioner already makes and sells popular products including, Tic Tacs, Nutella spread and Ferrero Rocher. The Alba, Italy-based company will also acquire Nestle's US manufacturing facilities in Bloomington, Franklin Park and Itasca, Illinois.
Thanks to the deal, Ferrero is set to becoming the third-largest confectionery company in the United States, according to Euromonitor.
The market lately has been tough for Nestle and Schneider has been working on growth strategy.
Nestle sold Butterfinger and its other USA confectionery brands to Ferrero. Last year, it acquired Ferrara Candy Co., the maker of Red Hots, Lemonhead and Brach's sweets, as well as confectioner Fannie May.
Channel 9 reporter Mark Barber is on the scene gathering more details and will have live reports on Eyewitness News Daybreak . Patrol cars from the York County Sheriff's Office were visibly parked outside CMC Main Tuesday afternoon.
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He said Hawaii doesn't have fallout shelters, and even if there were any, residents probably wouldn't have time to reach them. He also took emergency management officials to task for taking 30 minutes to issue a correction, prolonging panic.
Dickerson joined CBS News in April 2009 as an analyst and contributor to all of the network's broadcasts and platforms. Dickerson is no stranger to CBS-he's hosted Face the Nation since 2015 and served as the network's political director.
In Summit County, the flu claimed the lives of a 1-year-old boy and four adults within the first two weeks of the year. The Ohio Department of Health said influenza A, or H3N2, is the most common virus this season.
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The Turks consider the Kurds terrorists themselves as Prime Minister Binali Yildirim on Tuesday slammed the idea. We have committed almost £2.5 billion ($3.4 billion) to our humanitarian response to the crisis", Burt said.
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If you use it on someone, they'll lose all of their admin privileges, and become standard group chat participants instead. The report says that anyone who controls the WhatsApp server can easily insert new people into private group chats.
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