Ferrara Candy Company to Acquire Jelly Belly Candy Company
October 18, 2023
Ferrara Candy Company, through its lead holding company CTH Invest, has agreed to acquire Jelly Belly Candy Company. The deal (terms undisclosed) will bring nearly 800 Jelly Belly employees and facilities in California, Illinois, and Thailand into Ferrara's portfolio; the transaction is expected to close by the end of 2023.
- Buyers
- Ferrara Candy Company, CTH Invest (lead holding company of Ferrara)
- Targets
- Jelly Belly Candy Company
- Sellers
- Rowland family (Jelly Belly's family owners)
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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