US confectioners Farley’s & Sathers and Ferrara Pan Candy Co. have merged, the companies have announced.
Farley’s & Sathers’ owner, the private-equity firm Catterton Partners, will hold a majority stake in the new confectioner, which will be called Ferrara Candy Co.
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Catterton managing partner Scott Dahnke said: “The combination will leverage Ferrara Pan’s and Farley’s & Sathers’ combined portfolio of iconic brands, collective knowledge and expertise, and broad supply chain to create a powerhouse in confections. As shareholders, we look forward to the significant upside that will result through this compelling combination.”
There was speculation back in 2010 that Farley’s & Sathers was up for sale. Reuters then reported that Catterton had hired investment bankers to help it find a buyer for Farley’s & Sathers, which owns brands including Brach’s.
Farley’s & Sathers acquired sugar candy brand Brach’s from Barry Callebaut in 2007.
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By GlobalData
