The Ferrero Group will buy Oakbrook Terrace, Ill.-based Ferrara Candy Co. from private equity firm L Catterton, the companies announced Wednesday.
Ferrero, which purchased the Fannie May and Harry London brands earlier this year, hopes to further strengthen its foothold in the U.S. confectionery market through Ferrara’s position as a leading manufacturer of gummy and sugar items, particularly under the Trolli, Brachs and Black Forest Organics brands.