Ferrero to acquire Wells Enterprises.

Ferrero, a manufacturer of branded chocolate and confectionery products, agreed to acquire Wells Enterprises, a manufacturer of ice cream, frozen novelties and specialty frozen desserts. Financial terms were not disclosed. "We are a 100-year-old company focused on adapting for the next 100 years. Ferrero is a likeminded company with a commitment to providing high-quality, premium sweet-packaged food products that bring joy to consumers around the world. This acquisition puts the business in the best possible hands, and I look forward to supporting the entire Wells team and Ferrero with the transition," Mike Wells, Wells President and CEO.