Ferrero SpA

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Ferrero-1947.svg

Ferrero is an Italian, privately-held, 100% family-owned manufacturer of chocolate and confectionery products. One of the world's largest chocolate producers, and one of its "most secretive firms",ref the company was founded in 1946, and is headquartered in Luxembourg.[1] Flag-Tax-Haven-v2.svg
Ferrero International SA, parent company of the group, includes 94 companies worldwide, 25 manufacturing plants. Products are available in 170+ countries.Aug.2018

Ferrero, which buys about a third of the planet's hazelnuts, is also the world's largest hazelnut supplier, after the European Commission smiled on its industry consolidation acquisitions in 2013 and 2014.ref

World-Wide-Fund-for-Nature-horiz.svg WWF Palm Oil Buyers Scorecard: 20/22.[2]

Brands

ToDo: link, link
  • 100 Grand
  • Atomic Fireballs
  • BabyRuth
  • Black Forest gummies
  • Bobs Candies
  • Boston Baked Beans
  • Brach's Confections
  • Butterfinger
  • Chuckles
  • Crunch
  • Famous Amos
  • Farley's
  • Ferrero Rocher
  • Fruit Stripe
  • Heide
  • Jujyfruits
  • #Keebler Company
  • Kellogg's Cookies
  • Kellogg's Fruity Snacks
  • Kinder creme eggs
  • LaffyTaffy
  • Lemonheads
  • Little Brownie Bakers
  • Mon Chéri hazelnut chocolates
  • Mother's Cookies
  • Murray's
  • Murray's Sugar Free
  • Nerds
  • Nips
  • Now and Later
  • Nutella chocolate-hazelnut spread
  • Raffaello
  • Rain Blo
  • Raisinets
  • Red Hots
  • Sathers
  • Stretch Island fruit strips
  • Super Bubble
  • Sweet Stripes
  • #Thorntons
  • Tic Tac breath mints
  • Trolli

Timelines

ToDo: News, logos, link, link, link, link, link, link, link,

  • Sept.2019: Kelsen Group AS: Ferrero's subsidiary CTH Invest SA,[1]OpenCorporates-sm.svg a Belgian holdco, agreed to buy Campbell Soup Company's stake in the Danish bakery, which makes baked snacks such as Kjeldsens and Royal Dansk.ref,ref,ref todo: more on campbell's here: https://eu.courierpostonline.com/story/news/2019/07/12/campbell-soup-sells-kelsen-group-to-ferrero/1712319001/
  • Jul.2019: Kellogg's sold some selected operations from its North America snacking business to Ferrero. Included were: Kelloggs' Cookies, Famous Amos, Murray's, Murray's Sugar Free, Keebler, Mother's Cookies and Little Brownie Bakers, Kellogg's Fruity Snacks, Stretch Island fruit strips, pie crusts, and ice cream cones businesses. Ferrara Candy Company will manage the brands. Nine USA manufacturing facilities were also acquired.ref
  • Apr.2018: Nestlé's USA confectionary business was acquired. Brands included Butterfinger, BabyRuth, 100 Grand, Nerds, Raisinets, Laffy Taffy, Nips, Raisinets, Skinny Cow, SweeTarts, Wonka, Crunch plus the exclusive right of the Crunch brand for the USA market. The acquisition also included two manufacturing facilities in Illinois.ref,ref
  • Dec.2017: #Ferrara Candy Company, maker of Red Hots and Trolli gummies, was bought from private equity firm L Catterton.ref
  • May.2017: Fannie May, a USA candy maker, was purchased from ??
  • 2015: Thorntons, the venerable British chocolatier, was bought from ?? It was Ferrero's first ever branded acquisition.ref
  • 2014: Oltan Group, a Turkey-based company and the world's largest hazelnut supplier, was acquired from its family owners.ref The European Commission smiled on the industry consolidation. ref
  • 2013: IF Stelliferi SpA: Ferrero entered the procurement and supply of hazelnuts through its acquisition of Stelliferi & Itavex, an Italian hazelnut trader active mainly in Italy and, to a lesser extent, in Turkey and other producing countries.ref Again, this market concentration was approved.ref
  • ?date?: Pasta Gianduja, fore-runner of Nutella chocolate-hazelnut spread.

Ferrara Candy Company

Ferrara is the 3rd-largest non-chocolate confectionary company in the USA, created in 2012 when private equity firm Catterton Partners merged Ferrara Pan Candy Company Inc and Farley's & Sathers Candy Company Inc. Headquartered in Oakbrook Terrace, Illinois, the Company specialises in gummies, seasonal candies, fruit snacks, and other general line candies, predominately in the USA. Website

  • Dec.2017: #Ferrara Candy Company, maker of Red Hots and Trolli gummies, was bought from private equity firm L Catterton, as part of Ferrero's ongoing USA market expansion plan.ref
  • May.2012: Ferrara Candy Company Inc: Catterton Partners merged Farley’s & Sathers Candy Company Inc with the Ferrara Pan Candy Company Inc. Ferrara Pan manufactures both branded and private label confections including Lemonheads, Red Hots, Black Forest, Atomic Fireballs and Boston Baked Beans. Farley’s & Sathers is a manufacturer and distributor of confectionery and gum products including Brach’s, Now and Later, Trolli, Jujyfruits and Chuckles.

Farley's & Sathers

  • Feb.2002: Farley's & Sathers Candy Company Inc was formed by private equity firm Catterton Partners,ref to acquire assets from Kraft Foods's sale of Favorite Brands.ref More bolt-on acquisitions were made over the years: ref Heide (Jun.2002); Now and Later (Dec.2002); Rain Blo, Super Bubble, Fruit Stripe (Sept.2003); Bobs Candies (Apr.2005); Trolli (Dec.2005); Brach's Confections (Nov.2007). Brands include: Farley's, Sathers, JujyFruits, Bobs, Sweet Stripes, Chuckles WebsiteArchive-org-sm.svg
  • 2002: Farley's & Sathers Candy Company Inc: Kraft Foods sold assets from Farley's Candy Company and Sathers Candy Company.
  • 2000: Kraft Foods purchased Nabisco.
  • 1999, Nabisco purchased Favorite Brands.
  • 1996: Favorite Brands International: Farley Candy Company merged with Sathers Candy Company.
  • 1891: Farley Candy Company: Gunther Chocolate Company merged with another smaller candy company, started by another member of the Farley family.
  • 1870: Gunther Chocolate Company was founded by Gunther Farley and two of his brothers.
Sources: Farley & SathersArchive-org-sm.svg
ToDo: Bob's, Brach's, Chuckles, Fruit Stripe, Heide, Now and Later, Rain Blo, Sathers, Super Bubble, Trolli origins are here

Ferrara Pan Candy Co.

  • Ferrara Pan manufactures both branded and private label confections. Brands include: Lemonheads, Red Hots and Black Forest gummies. WebsiteArchive-org-sm.svg

  • 2012: The company was acquired by private equity firm Catterton Partners.
  • 1919: Brothers-in-law Salvatore Ferrara, Salvatore Buffardi and Anello Pagano, formed a partnership to engage in the manufacturing of confections.
  • 1908: Salvatore Ferrara opened a retail pastry and confection shop in Chicago, Illinois. At the time of his immigration from Italy in 1900, Salvatore Ferrara was skilled in the art of making Italian pastries and sugar coated candy almonds.
Sources: History of Ferrara Pan Candy CompanyArchive-org-sm.svg

Keebler Company

ToDo: WP, Keebler, Keebler & United Biscuits, Keebler was another one of Artal SA's acquisitions; also owned by Kellogg.

Thorntons Ltd

Thorntons managed to stay independent for over 100 years, but was eventually brought low by changing shopping habits, rising raw material costs, and changing attitudes towards sugars and fats - key components of chocolate.

Thorntons makes almost all chocolates at its single factory in Alfreton, Derbyshire. Thorntons uses ~2m tonnes of coca, primarily sourced from family-owned USA conglomerate Cargill and Barry Callebaut. Both companies have been heavily criticised on environmental grounds.ref Thorntons was a member of GreenPalm, a certified trading programme endorsed by the Roundtable on Sustainable Palm Oil. It was also a member of the World Cocoa Foundation, which encourages responsible sustainable cocoa farming. A key provider of temporary agency staff is Staffline Group plc.ref
Thorntons Ltd is 100% owned by Ferholding UK Ltd, itself wholly-owned by Ferrero International SA.


  • Aug.2015: Ferrero International SA's subsidiary, Ferholding (UK) Ltd,OpenCorporates-sm.svg bought out Thorntons' shareholders, and Thorntons plc was delisted from the London Stock Exchange.[AR-Aug.2015] In Nov.2016, Thorntons was re-registered as a private limited company.ref
  • [AR-Jun.2014]: Sales increased slightly by 0.6%;
  • early.2012: Re-entered the private label sector.Closed another 35 stores, leaing a total of 296 outlets. [AR-Jun.2013]
  • Jun.2011: Outsourced its distribution and warehousing functions (?to DHL?).[AR-Jun.2012]
  • AR-Jun.2012]: difficult trading conditions, with falling sales; increasing raw materials costs; biggest franchisee went bankrupt; closed 36 stores, with a target of 120 closures over 3 years.
  • Mar.1990: Mary Morrison Ltd was sold to ?? [AR-Jun.1990]
  • [AR-Jun.1990]: Thorntons (France) SA: Sogeco SA and La Societé Nouvelle de Confiserie SA were merged.
  • Sept.1989: La Societé Nouvelle de Confiserie SA, a French company operation in north-west France, was acquired.AR-Jun.1989
  • Sept.1989: Sogeco SA, a French company trading mainly in the Paris area, was acquired. AR-Jun.1989
  • Jul.1988: Gartner Pralines NV of Antwerp, Belgium, was acquired via Thorntons NV. Gartner was an old-established family business manufacturing and supplying high quality Belgian chocolate confectionery throughout main European markets.AR-May.1988
  • May.1988: Thorntons plc floated on the London Stock Exchange, with applications for shares exceeding the number offered by ~8 times. Mary Morrison Ltd, a retailer of greetings card and associated products, operating principally in Scotland, was acquired from Thornton family members. AR-May.1988 Boardroom coup?
  • Apr.1988: Thorntons plc: re-registered as a public company.
  • Jan.1988: Thorntons Ltd: JW Thornton Ltd changed its name.
  • AR-1987: Subsidiaries: Cablelane Ltd, Strand Court Properties Ltd (was Thornton Properties Ltd); Thornton Concepts Development Ltd; JWT Enterprises Ltd; The Taste Creations Company Ltd; The Elephant Remembers Ltd; JW Thornton Company (US) Ltd.
  • May.1921: JW Thornton Ltd was incorporated. OpenCorporates-sm.svg
  • 1919: Following the death of his father, Stanley Thornton gave up a scholarship to Sheffield University to join his older brother Norman, in making confectionery in a small kitchen in the basement of one of the two shops.
  • 1911: Joseph William Thornton opened his first shop in Sheffield.ref
ToDo: AR-Jun.1996 to AR-Jun.2009.

References

  1. ^ Luxembourg, because that's an obvious choice for an Italian company. Not.
  2. ^ Most brands fail to fully support sustainable palm oil adding to destruction of nature, WWF Scorecard shows. The 5th edition of the Palm Oil Buyers Scorecard examines major retailers, consumer goods manufacturers and food service companies from the USA, Canada, Europe, Australia, Singapore, Indonesia and Malaysia. Only one, Ferrero, has scored over 20 points out of the maximum 22. Rounding out the top 5 are Edeka, Kaufland, L'Oréal and Ikea. WWF’s Palm Oil Buyers Scorecard. 41 out of 173 companies did not bother to respond. WWF. Jan.17.2020