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Ferrara Candy Company
The Ferrara Candy Company is an American multi-national candy manufacturer, based in downtown 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, which was finalized in December 2017.
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. Two exceptions are Nestlé's Kit Kat and Rolo lines, which are licensed to the Hershey Company.
Ferrara announced it was moving its world headquarters to Chicago in 2019.
Salvatore Ferrara emigrated from Nola to New York in 1900. In 1908, he opened a bakery at 772 W. Taylor with his brother-in-law, Salvatore "Sal" Lezza, in the heart of Chicago's "Little Italy" neighborhood. He sold candy-coated almonds known as "confetti" (or Jordan almonds), a popular treat at Italian weddings. Sal Lezza learned to pan candy in Italy and taught his brother-in-law the trade. At the time, however, wedding cakes were the big profit maker and the relatives split the business into two, one with the bakery, led by Lezza; and, one for the candy, led by Ferrara.
Ferrara partnered with two brothers-in-law, Salvatore Buffardi and Anello Pagano. They built a two-story brick building at 2200 W. Taylor and began producing a variety of panned candies. 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.
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.
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Ferrara Candy Company
The Ferrara Candy Company is an American multi-national candy manufacturer, based in downtown 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, which was finalized in December 2017.
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. Two exceptions are Nestlé's Kit Kat and Rolo lines, which are licensed to the Hershey Company.
Ferrara announced it was moving its world headquarters to Chicago in 2019.
Salvatore Ferrara emigrated from Nola to New York in 1900. In 1908, he opened a bakery at 772 W. Taylor with his brother-in-law, Salvatore "Sal" Lezza, in the heart of Chicago's "Little Italy" neighborhood. He sold candy-coated almonds known as "confetti" (or Jordan almonds), a popular treat at Italian weddings. Sal Lezza learned to pan candy in Italy and taught his brother-in-law the trade. At the time, however, wedding cakes were the big profit maker and the relatives split the business into two, one with the bakery, led by Lezza; and, one for the candy, led by Ferrara.
Ferrara partnered with two brothers-in-law, Salvatore Buffardi and Anello Pagano. They built a two-story brick building at 2200 W. Taylor and began producing a variety of panned candies. 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.
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.