Famous Amos: Ferrero to Acquire Kellogg Company's Cookies and Fruit Snacks Businesses

LUXEMBOURG--(BUSINESS WIRE)--The Ferrero Group and its related companies (“Ferrero”), a global confectionary group, today announced a definitive agreement pursuant to which it will acquire the cookie, fruit and fruit-flavored snack, ice cream cone and pie crust businesses from Kellogg Company for $1.3 billion (or €1.16 billion at current exchange rates). These businesses generated sales of approximately $900 million in 2018.