Ferrara Pan manufactures both branded and private label confections including Lemonheads, Red Hots, Black Forest, Atomic Fireballs and Boston Baked Beans. Farley's & Sathers is a leading manufacturer and distributor of confectionery and gum products including Brach's, Now and Later, Trolli, Jujyfruits and Chuckles.
Ferrara Candy Company chairman and CEO Salvatore Ferrara II said the new company will offer a robust portfolio of branded and private label confections.
Catterton Partners, the private equity firm, which owns Farley's & Sathers, will remain as a majority investor in the combined company.
Catterton Partners managing partner Scott Dahnke said this transaction brings together the best products and people in the industry.
"The combination will leverage Ferrara Pan's and Farley's & Sathers' combined portfolio of iconic brands, collective knowledge and expertise, and broad supply chain to create a powerhouse in confections," Dahnke added.
Terms of the transaction were not disclosed.
