Ferrara Candy Company Explained

Ferrara Candy Company
Type:Subsidiary
Area Served:Worldwide
Parent:Ferrero
Industry:Confectionery
Brands:Brach's[1] Lemonhead[2] Chuckles[3] Now and Later[4] Bobs Candies Trolli USA Nerds[5] Black Forest[6] SathersRed Hots[7] Atomic Fireball[8] Super BubbleRainblo Jujyfruits[9] Jaw Busters Fruit StripeBoston Baked Beans[10] Heide Candy Company Baby Ruth Butterfinger Crunch Chunky Laffy Taffy[11] Raisinets Oh Henry! 100 Grand Trolli[12] Nips Everlasting Gobstopper Spree (candy)[13] Fun Dip[14] Bottle Caps[15] Runts[16] Pixy Stix[17] SweeTarts[18] Sno-Caps Goobers[19] Jelly Belly[20] Dori[21] Stretch Island[22] Funables[23]
Location:Forest Park, Illinois, US

The Ferrara Candy Company is an American candy manufacturer, based in Chicago, Illinois, and owned by the Ferrero Group.

The company was formed from a 2012 merger of the Illinois-based Ferrara Pan Candy Company and Minnesota-based Farley's & Sathers Candy Company. Ferrara's product line includes the brands of Ferrara-branded pan candy (such as Lemonheads, Atomic Fireballs, Red Hots, and Original Boston Baked Beans) and those of Farley's & Sathers (such as Brach's, Chuckles, Jujyfruits, and Now and Later). In November 2017, The Ferrero Group announced that they were going to acquire the company,[24] which was finalized in December 2017.[25]

In 2018, Ferrara's parent company Ferrero SpA purchased Nestlé's U.S. candy line for $2.8 billion and handed responsibility for most products to Ferrara. Former Nestlé products now distributed in the U.S. by Ferrara include Butterfinger, Crunch, Baby Ruth, Raisinets, Nips, Laffy Taffy, and hard candy (such as Spree and Everlasting Gobstopper) formerly produced by Nestlé under the Willy Wonka brand.[26] Two exceptions are Nestlé's Kit Kat and Rolo lines, which are licensed to the Hershey Company.[27]

Ferrara announced it was moving its world headquarters to Chicago in 2019.[28]

History

The Ferrara family had been bakers in Italy. Salvatore Ferrara emigrated from Nola to New York in 1900.[29] In 1908, he opened a bakery at 772 W. Taylor, in the heart of Chicago's "Little Italy" neighborhood.[30] He sold candy-coated almonds known as "confetti" (or Jordan almonds), a popular treat at Italian weddings.[29]

When candy sales became greater than pastries, Ferrara partnered with two brothers-in-law, Salvatore Buffardi and Anello Pagano.[31] They built a two-story brick building at 2200 W. Taylor and began producing a variety of panned candies.[29] The second floor of the building was devoted to the revolving kettles that produced the pan candy, with all of the machines being driven by a giant wheel. The candy was dropped to the shipping department below through a hole in the floor.

The private equity firm Catterton Partners, owner of Farley's & Sathers Candy Company, arranged the 2012 deal whereby that well-established confectioner would merge with the Ferrara Pan Candy Company. Although Ferrara Pan Candy was only about half the size of Farley's & Sathers, the new company was christened the Ferrara Candy Company and placed under the leadership of Ferrara Pan Chief Executive Salvatore Ferrara II.[32]

Ferrara Candy is headquartered in Chicago, Illinois. It operates seven manufacturing plants in the U.S. and Mexico, as well as distribution centers around the United States.

The company sells 92% of all mellowcremes in the U.S.; it is the largest producer of candy canes, the largest seller of conversation hearts and produces a large portion of the jelly beans that are consumed in the United States. The company has 21 starch moguls, of 40 in the U.S. as a whole. The company has between 700 and 800 pans operating at any given time. It states that it produces 1 million pounds of gummy candy per week in four manufacturing plants, two in the U.S. and two in Mexico. The company employs approximately 6,000 people.

Timeline

Products

Notes and References

  1. Web site: Brach’s Seasonal and Everyday Candy | Brach's Candy. www.brachs.com.
  2. Web site: Lemonhead Candy. www.ferraracandyshopusa.com.
  3. Web site: Chuckles. www.ferraracandyshopusa.com.
  4. Web site: Home Page | Now and Later Candy. www.nowandlater.com.
  5. Web site: NERDS Candy. Nerds.
  6. Web site: Black Forest Snacks | Organic and Classic Gummies and Fruit Snacks. Black Forest Candy USA.
  7. Web site: Redhots. www.ferraracandyshopusa.com.
  8. Web site: Atomic Fireball. www.ferraracandyshopusa.com.
  9. Web site: Jujyfruits. www.ferraracandyshopusa.com.
  10. Web site: Boston Baked Beans. www.ferraracandyshopusa.com.
  11. Web site: Laffy Taffy Candy. Laffy Taffy.
  12. Web site: Sour Gummy Worms, Sour Bears, Sour Candy | Trolli. www.trolli.com.
  13. Web site: Spree. www.ferraracandyshopusa.com.
  14. Web site: Fun Dip. www.ferraracandyshopusa.com.
  15. Web site: Bottle Caps. www.ferraracandyshopusa.com.
  16. Web site: Runts. www.ferraracandyshopusa.com.
  17. Web site: Pixy Stix. www.ferraracandyshopusa.com.
  18. Web site: Homepage | SweeTARTS. www.sweetartscandy.com.
  19. Web site: Gobstopper. www.ferraracandyshopusa.com.
  20. Web site: Home - English - International - GDPR. www.jellybellyintl.com.
  21. Web site: Dori Alimentos S.A.. July 27, 2022. dori.com.br.
  22. Web site: Brands | Ferrara. www.ferrara.com.
  23. Web site: Funables Fruity Snacks. 628.
  24. Web site: Ferrero to Acquire U.S. Confectionary Company . November 1, 2017 . www.ferrarausa.com . The Ferrero Group [...] today announced [...] a Ferrero affiliated company will acquire Ferrara Candy Company [...] The transaction is subject to customary closing conditions and regulatory approvals, and is expected to close in the fourth quarter of 2017. . December 4, 2017 . December 5, 2017 . https://web.archive.org/web/20171205042149/http://www.ferrarausa.com/news/ferrero-to-acquire-u.s.-confectionary-company/ . dead .
  25. News: Ferrero Completes Acquisition of Ferrara Candy Company. 2017-12-01. 2018-08-20. en.
  26. Ferrero Completes Acquisition of Nestlé USA's Confectionary Business. Business Wire. 31 March 2018 . 7 May 2018.
  27. Web site: 2022-03-14. Who owns kitkat? - AIRPORTES. 2023-01-03. en-US.
  28. News: Ori . Ryan . Ferrara Candy confirms its headquarters will move to Chicago's Old Post Office . 14 December 2018 . chicagotribune.com.
  29. Book: Dominic Candeloro. Chicago's Italians: Immigrants, Ethnics, Americans. 2003. Arcadia Publishing. 978-0-7385-2456-6. 128–.
  30. Book: Peter N. Pero. Chicago Italians at Work. January 2009. Arcadia Publishing. 978-0-7385-6187-5. 50–51.
  31. Book: Leslie Goddard. Chicago's Sweet Candy History. 2012. Arcadia Publishing. 978-0-7385-9382-1. 34–.
  32. News: Farley's & Sathers to merge with Ferrara Pan. Hughlett, Mike. Star Tribune. May 24, 2012. February 12, 2019 .
  33. News: 2017-10-19 . Ferrara Candy to be acquired by Nutella maker Ferrero . Chicago Tribune . 2023-12-12.
  34. News: July 25, 2023 . Ferrara Candy acquiring Brazilian sweets and snacks maker . en . Food Business News . 2023-12-12.
  35. Web site: 2023-10-19 . Ferrara to acquire Jelly Belly for undisclosed sum . 2023-10-19 . FoodBev Media . en-GB.
  36. Web site: Atomic Fireballs. 2023-01-03. -balettiedotcom-. en-US.
  37. Web site: BlackForest . www.ferrarausa.com . 2017-12-04 . 2017-12-05 . https://web.archive.org/web/20171205042147/http://www.ferrarausa.com/brands/blackforest/ . dead .