Ferrara Candy Company announced that it will acquire Jelly Belly Candy Company through CTH Invest, Ferrara's lead holding company. Financial terms of the transaction were not disclosed.
The proposed acquisition would combine Jelly Belly Candy Company’s more than 100 flavors of Jelly Belly jelly beans and gourmet specialty confections with Ferrara’s broad portfolio of sugar candies. Once the acquisition closes, nearly 800 global Jelly Belly employees and its facilities in California, Illinois, and Thailand will join the Ferrara organization. Jeff Brown, who is currently the executive vice president of global operations and distribution of Jelly Belly, will become its chief executive officer.