Ferrero which is an Italian manufacturer of branded chocolate and confectionery products and will become the US's third biggest confectionery maker in the USA and globally, according to London-based market research company Euromonitor International.
The deal includes Nestle's 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.
Nestle will retain ownership of its US Tollhouse baking products and is also continuing to focus on its global KitKat brand. Other Nestle brands include Purina, Gerber and Stouffer's.
Nestle sold Butterfinger and its other US confectionery brands to Ferrero.
3 quakes magnitude 5 hit Iran-Iraq border area
There were no immediate reports of casualties or property damage caused by the quake near the western city of Kermanshah. On December 1, a strong natural disaster measuring 6.1 on the Richter scale hit the area, according to the report.
John Dickerson replacing Charlie Rose at 'CBS This Morning'
But with " CBS This Morning ", the network is in a better competitive position against " Today " and "GMA" than ever before. Dickerson joined CBS News in April 2009 as an analyst and contributor to all of the network's broadcasts and platforms.
The market lately has been tough for Nestle and Schneider has been working on growth strategy.
Ferrero is building its US presence at the same time that the big companies are diversifying beyond the sweets that made them famous. Ferrero's been trying to get in on the candy market in the USA for years now, buying the chocolatier Fannie May last year.
In September, Nestle announced that it bought a majority stake in Blue Bottle Coffee, a high-end coffee company.
It has snapped up companies that make vegetarian meals, vitamins and luxury coffee.Its U.S. candy business registered sales of some 900 million Swiss francs in 2016, in a market worth an overall $8 billion, according to Ibis World. This is the first big sale of the world's biggest packaged-food company.
Consequently, it is selling the USA confectionery business for $2.8 billion in cash and expects the deal to complete sometime within the next couple of months, toward the end of the first quarter.
Barty's serve was much improved too, hitting just one double fault from the nine she dished up in the Gavrilova match. The former world No. 1 saw a career year in 2016, winning two Grand Slams, including one at the Australian Open .
Of course, there's nothing wrong with being chubby, but the word is often used to malign women's appearances and bring them down. Fans believe this is because Kim is not one of the baby's aunts, but the baby's mother.
Jac Schaeffer , who is now working on Nasty Women , the next remake of Dirty Rotten Scoundrels , which will star Anne Hathaway . Now we can also add Black Widow to the schedule, though it's unclear where exactly in Phase 4 the solo film will arrive.
You have to work for every point in a match. "I played flawless tennis, like I never stopped". "I get shivers", said Sharapova . Fellow former World No.1 Kerber, who won the tournament in 2016, was also impressive in dismissing Anna-Lena Friedsam 6-0, 6-4.
The White House had said it upheld the fundamental observation charge yet unequivocally contradicted Amash's change. The legislation now goes to the Senate, which will take it up at a later time, and faces opposition by Sen.
After all, this is a group of professional adults and seriously, going into opposing teams' locker rooms is pretty unheard of. So, it seemed that after the game, the Houston squad wanted to chat with Blake and Austin about their behaviors.
As a result, Love will head back to Palo Alto and should enter 2018 as one of the leading Heisman Trophy contenders. Accomplishing the trifecta will lead to greater prosperity on and off the field for Love.
The cause of the fire also remains under investigation, though authorities said they are eying the boat's engine as the cause. Dramatic video posted to social media shows some passengers plunging into the cold water as flames consumed the vessel.
They choose Willcocks Nursery School because "they were impressed by the team who work there", a source revealed to People . Pictured: Royal Family arrive at 443 Maritime Helicopter Squadron on September 24, 2016 in, Victoria, British Columbia.
BP and Royal Dutch Shell face global warming lawsuit
The cities of San Francisco and Oakland previously sued fossil fuel companies for damages related to their role in climate change. New York City Mayor Bill de Blasio , center, announced that the city is suing five major oil companies over climate change.
Trump addresses Farm Bureau, touts achievements
Still, the President told attendees of his speech that it would quickly result in "great, great broadband" for rural Americans. Jesse Jackson says the halftime song at the College Football Championship game should be "We Shall Overcome".
Wintry mix Wednesday night to turn to snow on Thursday
Heavy snow and mixed precipitation is possible Friday night and Saturday , with accumulations of six to 12 inches, along with ice. Blizzard conditions are possible in parts of the Dakotas, Nebraska, western Iowa and Minnesota.