We are advising Ferrero on the transaction

Davis Polk is advising Ferrero Group on its acquisition of Wells Enterprises, its operations and its brands.

Ferrero founded in 1946, is an Italy-based producer and global leader in sweet packaged foods, including confectionery, biscuits and ice cream. Its brands include Nutella, Kinder, Tic Tac and Ferrero Rocher.

Wells has become the world’s largest family owned and managed ice cream company since it was founded in 1913 as a dairy delivery wagon business. Its strong ice cream brands include Blue Bunny, Blue Ribbon Classics, Bomb Pop and Halo Top.

The Davis Polk corporate team includes partner Daniel Brass and associates Michael Senders and Francesca Masella. The intellectual property and technology transactions team includes partner Frank J. Azzopardi and associate Brette L. Trost. The executive compensation team includes partner Jennifer S. Conway and counsel Joseph S. Brown. The tax team includes partner David H. Schnabel and counsel Aliza Slansky. The antitrust and competition team includes partner Ronan P. Harty. The U.K. finance team includes partner Nick Benham. Members of the Davis Polk team are based in the New York and London offices.