Onex nears deal to acquire Ferrara Candy for close to $1.3 bln: Reuters
Canadian private equity firm Onex Corp is nearing a deal to acquire Ferrara Candy Co, potentially valuing one of the largest U.S. makers of non-chocolate confectionary at close to US$1.3 billion, including debt, sources told Reuters. Onex has prevailed in an auction for Ferrara and is now negotiating final terms with its owner, U.S. private equity firm L Catterton, the sources said. The deal would be a big bet for Onex on Ferrara's increasing clout and pricing power in the seasonal candy market.
9 January 2017•2 mins read
