Press Release Vevey, 16 January 2018

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Press release Vevey, 16 January 2018 Nestlé agrees to sell U.S. confectionery business to Ferrero Nestlé today announced that it agreed to sell its U.S. confectionery business to Ferrero for USD 2.8 billion in cash. Nestlé’s 2016 U.S. confectionery sales reached about USD 900 million. The transaction is expected to close around the end of the first quarter of 2018 following the completion of customary approvals and closing conditions. Nestlé CEO Mark Schneider commented: “With Ferrero we have found an exceptional home for our U.S. confectionery business where it will thrive. At the same time, this move allows Nestlé to invest and innovate across a range of categories where we see strong future growth and hold leadership positions, such as pet care, bottled water, coffee, frozen meals and infant nutrition.” Nestlé’s U.S. confectionery business represents about three percent of U.S. Nestlé Group sales. It includes popular local chocolate brands such as Butterfinger, Crunch, BabyRuth, 100Grand, Raisinets, Chunky, OhHenry! and SnoCaps, as well as local sugar brands such as SweeTarts, LaffyTaffy, Nerds, FunDip, PixyStix, Gobstopper, BottleCaps, Spree and Runts. The transaction covers the U.S.-focused confectionery brands only and does not include Nestlé’s iconic Toll House baking products, a strategic growth brand which the company will continue to develop. Nestlé remains fully committed to growing its leading international confectionery activities around the world, particularly its global brand KitKat. With sales of CHF 26.7 billion in 2016, the U.S. is Nestlé’s largest market. Nestlé products can be found in 97 percent of U.S. households under brands such as Purina, Nestlé Pure Life, Coffee-Mate, Gerber and Stouffer’s. The company employs 50,000 people in more than 120 locations across the U.S., including 77 factories and 10 R&D centers. Contacts Media Robin Tickle Tel.: +41 21 924 22 00 Investors Steffen Kindler Tel.: +41 21 924 35 09 .

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Nestlé Confections & Snacks
NESTLÉ USA NESTLÉ CONFECTIONS & SNACKS HEADQUARTERS 800 North Brand Blvd. Glendale, Calif. 91203 (818) 549-6000 Nestleusa.com DESCRIPTION Nestlé Confections & Snacks produces a number of America’s well known candy brands. Classics such as NESTLÉ® CRUNCH®, NESTLÉ® BUTTERFINGER® and NESTLÉ® BABY RUTH® deliver a sweet treat anytime. The one-and-only Wonka serves up wildly, wonderful, whimsical candy surprises. NESTLÉ® SKINNY COW™ CANDY, NESTLÉ RAISINETS® and NESTLÉ GOOBERS® are better-for-you snacks. And for those looking for less sugar in their diet Sugar Free NIPS® provide a rich, smooth, flavorful taste that is second to none. These delicious pleasure foods play a role in a healthy lifestyle when eaten in moderation, with a balanced diet, and enjoyed with regular physical activity. Nearly 2,000 proud employees make up Nestlé USA’s Confections & Snacks Division with factories in Itasca, IL; Franklin Park, IL; Bloomington, IL; and Burlington, WI. BRANDS Nestlé Confection brands include: Chocolate Treats: NESTLÉ® CRUNCH®; NESTLÉ® CRUNCH® CRISP; NESTLÉ® BUNCHA CRUNCH®; NESTLÉ® BUTTERFINGER®; BUTTERFINGER® CRISP; NEW! NESTLÉ® BUTTERFINGER® BITES; NESTLÉ® BABY RUTH®; NESTLÉ® RAISINETS®; NESTLÉ® GOOBERS®; NESTLÉ® OH HENRY!®; NESTLÉ® 100 GRAND®; NESTLÉ® SNO-CAPS®; NIPS®; SUGAR FREE NIPS®; NESTLÉ® CHUNKY®; the NESTLÉ MILK CHOCOLATE BAR; and NEW! SKINNY COW™ CANDY in DREAMY CLUSTERS and HEAVENLY CRISPS. Sugar Candy: WONKA® SWEETARTS®; CHEWY SWEETARTS®; WONKA® SWEETART® GUMMIES; WONKA® NERDS®; WONKA® NERDS ROPE®; WONKA® LAFFY TAFFY®; WONKA® LAFFY TAFFY® ROPE; WONKA® SHOCKERS®; WONKA® SPREE® and CHEWY SPREE®; WONKA® BOTTLE CAPS®, WONKA® GOBSTOPPERS®; WONKA LIK-M-AID® Fun Dip; WONKA® PIXY STIX®; WONKA® RUNTS®; and WONKA® KAZOOZLES®. NESTLÉ USA NESTLÉ CONFECTIONS & SNACKS PARENT COMPANY Nestlé Confections & Snacks is part of Nestlé USA, which is owned by Nestlé S.A.
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Item List Our Price
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