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Mayer Brown represents Nestlé in $2.8B sale of US confectionary business

18 January 2018

Mayer Brown announced today that it advised Nestlé SA on its agreement to sell its US confectionary business to The Ferrero Group, a global confectionary group, for $2.8 billion in cash. Representing about three percent of US Nestlé Group sales, Nestlé’s confectionery business includes popular local chocolate brands such as Butterfinger, Crunch and BabyRuth, as well as local sugar brands such as SweeTarts, LaffyTaffy and Nerds.

The transaction promptly follows Nestlé’s acquisition of Atrium Innovations, a Montreal-based global leader in nutritional health products, for which the firm represented the company’s health science business unit, and supports Nestlé’s pursuit of growth opportunities in consumer healthcare to complement its focus on high-growth food and beverage categories.

The Mayer Brown team was led by Corporate & Securities partners David Carpenter and John Boelter (both New York) and Intellectual Property partner Richard Assmus (Chicago) and included lawyers from the firm’s Corporate & Securities, Litigation & Dispute Resolution and Tax Transactions & Consulting practices in Chicago, Washington DC and New York.

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