3 things to know about new Nestle U.S. owner Ferrero (2024)

FAQs

Is Ferrero owner of Nestlé? ›

To most people, Ferrero is simply the first part of the name of individually wrapped hazelnut chocolate pieces that you often see out around Valentine's Day and Mother's Day — Ferrero Rocher. But on Tuesday, the European chocolate company announced it was buying Nestle's U.S. confectionary business for $2.8 billion.

Nestle, the country's fourth-largest candy company, has said it put its U.S. candy business on the market to focus on healthy foods. The Italian Ferrero, meanwhile, is trying to expand into new territory — and will become the third-largest U.S. candy-maker in the process.

Since its founding in Alba, Italy, in 1946, Ferrero has been a private, family-owned company, now in its third generation. It is led by Mr Giovanni Ferrero as Executive Chairman and Mr Lapo Civiletti as Chief Executive Officer (CEO).

We call it the Ferrero way of doing things, and it includes the attention to quality, work done with care and commitment, respect for our consumers and the exceptional creativity of our people, which combine to drive our innovation.

Nestlé

Nestlé Holdings, Inc.

Ferrero is a manufacturer of branded chocolate and confectionery products, and the second biggest chocolate producer and confectionery company in the world. Ferrero SpA is a private company owned by the Ferrero family and has been described as "one of the world's most secretive firms".

The Ferrero Group brings joy to people around the world with much-loved treats and snacks, including Nutella^®, Kinder^®, Tic Tac^® and Ferrero Rocher^®.

At Ferrero, we believe in a simple rule: that special and exquisite taste and consistent quality comes from caring for the ingredients. For decades we have worked closely with our suppliers and with farmers to grow, harvest and process quality ingredients for Ferrero Rocher.

Famous Nestlé Acquisitions

Ralston Purina in 2001 for $10.3 billion. Gerber in 2007 for $5.5 billion. Altrium Innovations in 2017 for $2.3 billion. Freshly in 2020 for up to $1.5 billion.

How rich is Ferrero? ›

The Italian Ferrero empire, which makes Nutella, Ferrero Rocher, and Tic Tacs, is the country's wealthiest family—ahead of home-grown luxury fashion and automotive groups. Giovanni Ferrero and his family are worth $40.4 billion, according to the Bloomberg Billionaires Index.

Founded in 1946 in Alba (Italy) by the young chocolatier Pietro Ferrero, Michele's father, the Ferrero Group is a family-run business and one of the largest chocolates and confectionery companies in the world.

Everything You Need to Know About Ferrero, the Nutella Maker That Just Bought Nestle's Candy Business. The U.S. confectionery industry might be floundering amid sluggish demand for chocolate, but that isn't stopping Ferrero, the Italian maker of Nutella, from doubling down on the market.

The Ferrero family was the first Italian manufacturer after the Second World War to open production sites and offices abroad in the confectionary sector, turning the company into a true international player. Its international expansion began in earnest in 1956, when a large plant in Germany was opened.

Ferrero (Italian: [ferˈrɛːro], Spanish: [feˈreɾo]) is a surname of Italian (from Piedmont) and Spanish origin that means 'smith', a person who works with iron, in parallel with surnames like Ferraro, Ferrari and Smith.

Nutella (US: /nuːˈtɛlə/ noo-TEL-ə, UK: /nʌˈtɛlə/ nuh-TEL-ə, Italian: [nuˈtɛlla]) is a brand of brown, sweetened hazelnut cocoa spread. Nutella is manufactured by the Italian company Ferrero and was introduced in 1964, although its first iteration dates to 1963.

Nestlé, the world's largest transnational food and beverage company, owns more than 2,000 brands. And as trick-or-treaters gear up for Halloween this year, they can expect to find a lot of Nestlé candy in their bags.

No, Nestlé does not own Hershey. Hershey is its own company, and it's one of the largest chocolate manufacturers in the world. However, Nestlé is a major player in the food and beverage industry, with a diverse portfolio that includes chocolate products among many others.