FERRERO-RELATED COMPANY TO ACQUIRE NONNI’S BAKERY
A Ferrero-related company, CTH Invest SA, today announced that it has agreed to acquire Nonni’s Bakery from Vestar Capital Partners, a leading U.S. middle-market private equity firm.
Founded in 1988, Nonni’s Bakery manufactures premium artisanal biscotti cookies and baked goods specializing in indulgent chocolate and inclusions-enhanced biscotti and “Cantuccini-type” cookies. In addition to its signature biscotti, Nonni’s Bakery’s portfolio includes brands such as Nonni’s THINaddictives, Nonni’s Bites, La Dolce Vita, and its recently launched Nonni’s Snackers.
Nonni’s Bakery has leveraged its premium biscotti expertise rooted in its Italian heritage to become a leading biscotti company in the U.S. Based in Wexford, Pennsylvania, the Company operates four manufacturing plants and has approximately 350 employees.
The proposed transaction is expected to close in the coming months, subject to customary closing conditions.
The planned acquisition would strengthen Ferrero’s presence in North America and continue its growth in the sweet-packaged food industry globally.
About Nonni's Bakery
Nonni's Bakery is the artisan bakery for premium snack lovers, serving up a variety of high-quality baked goods that range from indulgent biscotti to better-for-you crisps. Nonni's Bakery delivers distinctive, satisfying textures and flavors worth savoring, baked from contemporary Italian recipes that celebrate the Italian spirit of eating and living well. For more information, please visit nonnis.com.
About CTH Invest SA
CTH Invest SA is a Ferrero-related Belgian Holding Company that owns iconic brands including Michel et Augustin in France, Burton’s Biscuit Company and Fox’s Biscuits in the UK, Kelsen Group in Denmark and Delacre Biscuits in Belgium.
Ferrero Group and its related parties is the third largest player in the worldwide chocolate confectionery industry.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners to build long-term enterprise value, with a focus on Consumer, Business & Technology Services and Healthcare. Since inception in 1988, Vestar funds have invested over $ 11 billion in 92 companies – as well as more than 200 add-on acquisitions – with a total value of approximately $ 52 billion. For more information on Vestar, please visit www.vestarcapital.com.
Press contact:
For CTH Invest SA
James Hardy – james.hardy@golin.com
For Nonni’s Bakery / Vestar Capital Partners
Jennifer Hurson
+1 845 507 0571
or
Caroline Luz
+1 203 570 6462
