Farley's & Sathers, Ferrara to merge
May 23, 2012
by Keith Nunes
FOREST PARK, ILL. — The Farley’s and Sathers Candy Company, Inc., Round Lake, Minn., has agreed to merge with the Ferrara Pan Candy Company, Inc. Once the merger is complete Ferrara will change its name to the Ferrara Candy Company, Inc.
Terms of the transaction were not announced, but Catterton Partners, the private equity firm that owns Farley’s & Sathers, will remain as a majority investor in the combined company.
“This transaction brings together two well-positioned candy companies with iconic brands and loyal consumer and customer followings to create a category leader," said Salvatore Ferrara, chief executive officer of Ferrara Pan. “Farley's & Sathers has significant expertise in confections and a strong portfolio of brands that connect with consumers, and both companies have outstanding teams of hard working employees. I look forward to working with the combined team to leverage our joint expertise to continue to delight our customers with our current confections and innovate to develop new offerings.”
Farley's & Sathers is a manufacturer and distributor of confectionery and gum products sold under the Brach's, Now and Later, Trolli, Jujyfruits and Chuckles brands. Ferrara manufactures both branded and private label confections. Brands owned by the company include Lemonheads, Red Hots, Black Forest Atomic Fireballs.