Announced
Completed
Financials
Sources
Tags
Completed
United Kingdom
Single Bidder
Majority
Friendly
biscuits
Private
Food Products
Cross Border
Acquisition
Synopsis
Italian confectionery giant Ferrero completed the acquisition of Fox's Biscuits, a British biscuit manufacturer, from Boparan, a company that owns food production and restaurant businesses, for $319m. It is the second acquisition in Britain for family-owned Ferrero, which bought chocolate maker Thorntons in 2015. This is a further signal of Ferrero’s intention to strengthen its position in the category known in the industry as “sweets consumed outside meals” and limit its reliance on chocolate products.
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