Ferrara Candy to Acquire Jelly Belly Candy Through CTH Invest.
MANews-(C)2009-2023
US-based Ferrara Candy Company has agreed to acquire Jelly Belly Candy Company through CTH Invest, the lead holding company of Ferrara, to expand Ferrara's platform, the company said.
Financial terms of the transaction were not disclosed. The transaction is expected to close by the end of 2023 and is subject to certain closing conditions.
The proposed acquisition would combine Jelly Belly Candy company's more than 100 flavors of Jelly Belly jelly beans and gourmet speciality confections with Ferrara's broad portfolio of sugar candies.
Once the acquisition closes, nearly 800 global Jelly Belly employees and its facilities in California, Illinois, and...
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