Ferrero Acquires WK Kellogg Co

Kelso & Company Acquires Ferraro Foods from Kainos Capital

April 6, 2021

Food & Beverage

Funds managed by Kelso & Company acquired Ferraro Foods, a Piscataway, New Jersey-based specialty foodservice distributor focused on Italian restaurants and pizzerias, from Kainos Capital in April 2021. Ferraro operates seven distribution centers, sources roughly 7,000 SKUs, and serves thousands of independent restaurant customers across the U.S. East Coast; Kelso intends to support continued platform growth and consolidation in the specialty distribution space.

Ferrero Group Acquires Power Crunch from Bio-Nutritional Research Group

January 24, 2025

Food & Beverage

Ferrero Group has signed an agreement to acquire protein snack maker Power Crunch from Bio-Nutritional Research Group, Inc. The deal will bring Power Crunch's Irvine, California office and roughly 50 employees into Ferrero's North America organization and expands Ferrero's presence in the better-for-you snacks category in the U.S.; the transaction is expected to close in the coming weeks.

Mars Acquires Kellanova

December 11, 2025

Food & Beverage

Mars, Incorporated has acquired Kellanova in an all-cash transaction valued at $35.9 billion ($83.50 per share). The deal brings Kellanova's snack and breakfast brands — including Pringles, Cheez-It and Pop-Tarts — into the Mars Snacking portfolio to expand Mars' global snacking scale, capabilities and product categories.

Ferrara Candy Company to Acquire Jelly Belly Candy Company

October 18, 2023

Food & Beverage

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.

Ferrero Group Acquires Wells Enterprises (Blue Bunny, Bomb Pop)

December 7, 2022

Food & Beverage

The Ferrero Group agreed to acquire Wells Enterprises, the family-owned maker of Blue Bunny, Bomb Pop, Halo Top and other ice cream brands, as part of Ferrero's strategic expansion into the ice cream category and North American market. Wells Enterprises will remain a stand-alone business with its Le Mars leadership and manufacturing footprint intact; terms were not disclosed and the transaction was expected to close in early 2023.

Ferrara Candy Company Acquires Dori Alimentos from ACON Investments

October 4, 2023

Food & Beverage

Ferrara Candy Company (through holding company CTH) has agreed to acquire Dori Alimentos, a leading Brazilian manufacturer and distributor of sweets and snacks, from a family shareholder group and an affiliate of ACON Investments. The transaction, subject to closing conditions and expected to close in Q4 2023, expands Ferrara's geographic footprint into Brazil; financial terms were not disclosed.