Family-owned Jelly Belly, one in all Fairfield, Calif.’s largest employers, has been bought to Ferrara Candy Company in Chicago.
Ferrara, which manufactures different common sugar confections together with Brach’s, Trolli and SweeTARTS candies, will take over 800 Jelly Belly staff internationally, together with its facility in Fairfield. Executive Vice President of Global Operations and Distribution for Jelly Belly Jeff Brown will turn into CEO following the finalization of the acquisition.
“Since our inception almost a century and a half ago, Jelly Belly Candy Company has been focused on providing exciting new flavors and continuous innovation, and we are extremely proud of the deep affinity we’ve built with our fans around the world,” stated Lisa Brasher, President and Chief Executive Officer of Jelly Belly. “Ferrara’s interest reflects the substantial value of our storied brand, built on our team’s many successes, and the opportunity to drive continued growth. We look forward to being a part of this impressive company.”
Mayor Kathrine Moy of Fairfield stated the corporate informed native staff that each one of their jobs are protected, and Jelly Belly will stay in Fairfield. Jelly Belly, which has been owned by the Rowland household since its inception, was based in Illinois in 1896, however now has places in California and Thailand as effectively.
“As we considered the future of Jelly Belly Candy Company, we have been steadfast in our commitment to create a win-win situation for our employees, consumers, and products,” stated Herman Rowland, Sr., Chairman of the Board of Directors of Jelly Belly. “When I met with the Ferrara team, I recognized a like-minded group that shares our knowledge and passion for the candy business and has the talent and resources to grow our products and the careers of our people around the world. I am confident of the continued success of Jelly Belly as part of the Ferrara portfolio.”
Financial particulars of the acquisition have but to be launched, however the deal is predicted to be finalized by the top of the 12 months, topic to closing situations.
“Today, Jelly Belly distributes its products in more than 60 countries across five continents and has a strong track record of sustained and profitable growth,” the press launch stated.
Ferrera has expressed pleasure in regards to the deal and bringing the merchandise and abilities of Jelly Belly underneath their firm.
“Our dedication to creating high-quality, innovative sugar confections for the world and our deep relationships with retailers aligns perfectly with the Jelly Belly track record and passion for quality, reliability, and customer service,” stated Marco Capurso, Chief Executive Officer of Ferrara. “We look forward to working together to build on the success of all our brands.”
Source: www.bostonherald.com”