Ferrero has edged out Hostess to capture the cereal giant’s cookie, fruit snacks and ice cream cone family of brands, including Famous Amos, Murray’s and the Girl Scouts of the USA brand Little Brownie Bakers, plus Stretch Island and Fruity Snacks.
The National Confectioners Association named Kirk Vashaw of Ohio-based Spangler Candy Company as the chairman to the Board of Trustees and Paul Chibe, president and CEO of Ferrero USA, as vice chairman.
Barilla’s chocolate hazelnut spread is palm oil-free, contains less saturated fat than Nutella, and according to Euromonitor analyst Emil Fazira, threatens Fererro’s stronghold in Italy’s bread spread market.
Italian news daily Il Sole 24 Ore broke the news that the Nutella maker is in talks with Campbell Soup Company to buy Campbell’s international business, which includes Arnott’s biscuits and Danish butter cookie maker Kelsen.
Ferrero India has revealed its plans to build a new product portfolio for the mass market in India, with the firm assessing opportunities for some of the 20 confectionery brands it acquired from the US unit of Nestle at the start of the year.