'Nestle' sells candy business to 'Ferrero'

Nestlé announces that Ferrero has sold $ 2.8 billion worth of confectionery to Italy ($ 89 billion), making Ferrero the third largest confectionery manufacturer in the United States.

Giovanni Ferreira, CEO of Ferrero, said: After the completion of this merger. Ferreo Group "It's going to be a lot bigger and we can offer more quality products to our customers in the United States."

As Mark Schneider, President of Nestlé, said: This agreement "Nestle invests and innovates in a variety of categories where we grow strongly and is a market leader, such as animal care, bottled food and baby food."

News reports. Nestlé began targeting the company since its inception last year at Schneider. Former President Freezes The German health care company is managing this giant from Switzerland.


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