Tuesday, April 2, 2019

Ferrero to buy biscuit biz of Kellogg for $1.3bn

"The Ferrero Group... will acquire the cookie, fruit and fruit-flavoured snack, ice cream cone and pie crust businesses from Kellogg Company," which generated sales of approximately $900 million in 2018, it said. The brands Ferrero will acquire include popular Keebler cookies as well as Famous Amos and Murray Sugar-Free cookies and fruit snacks such as Stretch Island.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2I4exbG
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