Ferrero International S A, more commonly known as Ferrero Group or simply Ferrero, is an Italian multinational manufacturer of branded chocolate and confectionery products, and the second biggest chocolate producer and confectionery company in the world.
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Ferrero SpA saw a period of tremendous growth and success under Pietro's son Michele Ferrero, who in turn handed over the daily operations to his sons, Pietro Jr.
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Ferrero SpA SA is a private company owned by the Ferrero SpA family and has been described as "one of the world's most secretive firms".
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In 1946, Pietro Ferrero SpA invented a cream of hazelnuts and cocoa, derived from gianduja and called it Pasta Gianduja.
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Ferrero SpA is currently run by Giovanni Ferrero, grandson of Pietro and son of Michele Ferrero.
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Ferrero SpA's products are made with machines designed by an in-house engineering department.
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In 2014, Ferrero SpA acquired Oltan Group, the largest hazelnut supplier in the world.
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Ferrero SpA acquired the British chocolate retailer Thorntons in June 2015 for £112 million.
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In 2016, Ferrero SpA acquired Belgian biscuit brands Delacre and DeliChoc from United Biscuits.
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On 30 March 2017, it was announced that Lapo Civiletti would be the first non-family CEO in the history of the company, taking up the role from 1 September, while Giovanni Ferrero SpA would become the executive chairman, focusing on long-term strategy.
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In October 2017, Ferrero SpA announced that they would acquire the Ferrara Candy Company.
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On 16 January 2018, it was reported that Ferrero SpA was purchasing Nestle's American confectionery business for $2.
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On 29 July 2019 Ferrero SpA further expanded its US operations by purchasing a collection of business owned by Kellogg's.
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In early 2020, a subsidiary of Ferrero SpA purchased Campbell Soup Company's stake in the Danish bakery Kelsen Group for $300 million.
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In October 2020, it was announced that Ferrero SpA would buy UK company Fox's Biscuits for £250 million.
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In December 2020, Ferrero SpA announced it was acquiring healthy snack company Eat Natural.
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In June 2021, Ferrero SpA bought British firm Burton's Biscuit Company, which at the time of purchase employed 2,000 people at six plants in the UK.
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Ferrero SpA produces several lines of confectionery goods under various brand names, as well as the chocolate-hazelnut spread Nutella.
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Ferrero SpA has been producing Thorntons products since acquiring the company in 2015.
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