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At the last minute, there’s been a shakeup for the top spots in the Global Top 100 as the No. 3 candy company just got a little bigger and inched its way to No. 2. Italian-based Ferrero Group has increased its sales portfolio with its acquisition of Chicago-based Ferrara Candy in December.
United States-owned Mondelez International comes in at a close third — for now. Next year, expect to see Ferrero with an even greater lead as Ferrara’s annual sales are around $1 billion. Under the agreement, Ferrara will operate as a separate unit maintaining headquarters in the Chicago suburb of Oakbrook Terrace, while Ferrero will stay in Luxembourg.