Ferrero, manufacturer of products like Nutella or Ferrero Rocher and Vincle’s suite client, continues its international expansion process with the purchase of the chocolate and other sweets division of Nestl\u00e9 in United States.<\/p>\n
The purchase of this division of the Swiss multinational was finished for 2.800 million dollars, 2.287 million euros. Ferrero will control, from the next quarter onwards, more than 20 brands of sweets, with Butterfinger, Cruch or Wonka among others.<\/p>\n
With this acquisition, Ferrero becomes the third largest confectionary company in United States. The purchase also contemplates acquiring some of the Swiss group\u2019s manufacturing plants, and the company will continue to operate through their plants in California, as well as from sites in New Jersey or Illinois.<\/p>\n
Giovanni Ferrero, CEO in Ferrero, stated he was \u201cexcited\u201d about the purchase, as Nestl\u00e9 counts on an \u201cexcellent variety of iconic brands with a rich history and a huge growth\u201d.<\/p>\n
Nestl\u00e9\u2019s CEO, Mark Schneider, ensured that Ferrero is the perfect match for \u201cthe confectionary business of the group in United States\u201d.<\/p>\n
Nestl\u00e9\u2019s chocolate and other sweet\u2019s business in the American country generated sales worth 900 million dollars (735 million euros) in 2016, which represents approximately 3% of the total sales of the group in the country, which were worth 26.700 million dollars (21.808 million euros) in 2016.<\/p>\n
<\/p>\n
Vincle is a Sales Force Automation leading company with more than 27 years\u2019 experience that allows the market\u2019s most renown brands and leading brands in great consumption to reach their objectives and grow in different markets and countries. Vincle provides a sales force automation tool that focuses on the industry and that has proved to increase sales and productivity, as well as improving Go-To-Market strategies. Vincle is changing the way organizations interact with its clients.<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Ferrero, manufacturer of products like Nutella or Ferrero Rocher and Vincle’s suite client, continues its international expansion process with the purchase of the chocolate and other sweets division of Nestl\u00e9 in United States. The purchase of this division of the Swiss multinational was finished for 2.800 million dollars, 2.287 million euros. Ferrero will control, from […]<\/p>\n","protected":false},"author":4,"featured_media":17804,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[],"class_list":["post-19107","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-vincle-news"],"_links":{"self":[{"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/posts\/19107","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/comments?post=19107"}],"version-history":[{"count":0,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/posts\/19107\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/media\/17804"}],"wp:attachment":[{"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/media?parent=19107"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/categories?post=19107"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vincle.com\/en\/wp-json\/wp\/v2\/tags?post=19107"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}