Ferrero International to buy Fannie May Confections for $115 mln
1-800-FLOWERS.COM Inc said March 15 it has agreed to sell all the outstanding equity of Fannie May Confections Brands Inc to Ferrero International SA for $115 million. The transaction is expected to close on May 30. The deal includes Fannie May Confections Inc and Harry London Candies Inc as well as all related assets and liabilities including, but not limited to, Fannie May’s ecommerce business,79 retail stores located primarily in and around Chicago, a manufacturing facility in North Canton, Ohio and two temperature-controlled warehouse and distribution facilities, located in Maple Heights, Ohio and Chicago, respectively.
16 March 2017•6 mins read
