BRAZIL – Ferrara Candy Company, the largest sugar confectionary company in the USA, has snapped up Dori Alimentos, one of Brazil’s leading manufacturers and distributors of sweets and snacks.
Ferrara Candy Co. is a US subsidiary of Ferrero, the second-biggest chocolate producer and confectionery company in the world.
In a statement, Ferrara said the deal was made through CTH, which it called “the lead holding company of Ferrara”.
The company described Dori Alimentos as “a great fit … with a complementary portfolio of candies, similar heritage, and a values-driven internal culture.”
Since its founding in 1967, Dori has built strong and recognized brands that are loved by millions of consumers across Brazil including Dori, Pettiz, Jubes, Gomets, Deliket, Disqueti, Yogurte 100, and Bolete. Headquartered in the city of Marília, it has more than 3,100 employees in four industrial units in Brazil.
Dori’s strong portfolio, consistent performance, and multi-channel nationwide distribution capabilities have allowed it to enjoy double-digit revenue growth over the last several years. The company currently exports to more than 40 countries on 5 continents.
“We are thrilled to join Ferrara, who we are confident is the right partner for this next step of Dori’s incredible story,” said Pedro Lobo, Chief Executive Officer of Dori.
“Like us, Ferrara puts the consumer at the center of all they do, shares our spirit of innovation, and believes in the emotional power of candies and snacks. This pairing reflects the outstanding company that the Dori team has built over fifty-six years and our standing as industry pioneers in Brazil.”
Headquartered in Chicago for more than 115 years, Ferrara is the top-selling US sugar confections company and the manufacturer of 20 beloved brands such as Black Forest, Brach’s, NERDS, SweeTARTS, and Trolli.
The Italian confection giant Ferrero acquired Ferrara in 2017 and operates the US business as a separate unit.
“We have a deep admiration for Dori’s products and their extraordinary team,” Ferrara CEO Marco Capurso said. “We are excited to enter the rapidly growing Brazilian market and create opportunities for both Dori and Ferrara.”
In the statement, Ferrara said Dori Alimentos’ 3,100 staff would join its 4,600-strong workforce. The transaction is expected to close in the fourth quarter of 2023.