We are advising Ferrara on the acquisition

Davis Polk is advising Ferrara Candy Company on its acquisition of Jelly Belly Candy Company through CTH Invest, the lead holding company of Ferrara. The transaction is expected to close by the end of 2023 and is subject to certain closing conditions. Financial terms of the transaction were not disclosed.

For more than 115 years, Ferrara has created sugar confections that enable moments of sweetness, celebration and connection for candy lovers of all generations. Today, the company is a leading sugar confectioner in the United States with its broad portfolio of Ferrara products and a leader in Brazil through its Dori Alimentos products. Ferrara boasts a passionate team of more than 7,500 employees creating and delivering hundreds of products sold under 20 popular brands like NERDS, SweeTARTS, Laffy Taffy and Trolli to more than 66 million U.S. households annually and popular Dori snacking products under brands such as Dori.

Jelly Belly is a confectionary company founded in 1869, and headquartered in Fairfield, California. Its signature brand of Jelly Belly jellybeans has been one of the most popular and recognizable candy products in the world since its introduction in 1976. Its extensive portfolio includes more than 100 flavors of its well-known jellybeans and a wide variety of other candies.

The Davis Polk corporate team includes partners Daniel Brass and Shanu Bajaj and associate Claire Fischer. Partner Frank J. Azzopardi and associate Brette L. Trost are providing intellectual property advice. Partner Ronan P. Harty is providing antitrust and competition advice. Partner Brian D. Hirsch and associate Omar Ashmawy are providing real estate advice. Partner Jennifer S. Conway and counsel Joseph S. Brown are providing executive compensation advice. All members of the Davis Polk team are based in the New York office.

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