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Ferrero Enters Exclusive Talks to Acquire French Confectioner CPK

Subject to EU competition approval, the deal underscores Ferrero’s expansion drive after its WK Kellogg acquisition.

La transaction, qui devrait être finalisée au cours du quatrième trimestre 2025, reste soumise à l’approbation des autorités de la concurrence
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Overview

  • Ferrero has entered exclusive negotiations to acquire CPK from Eurazeo, bringing Carambar, Krema, Lutti and Michoko under its Ferrara Candy unit.
  • The proposed transaction is slated to close in the fourth quarter of 2025 and must secure competition clearance from European regulators.
  • Yesterday’s $3.1 billion purchase of WK Kellogg marked Ferrero’s move into North American breakfast cereals with brands such as Corn Flakes and Froot Loops.
  • Formed by Eurazeo in 2017 through the consolidation of former Mondelez confectionery brands, CPK operates three factories and a workshop in France with over 900 employees.
  • The acquisitions reflect Ferrero’s aggressive M&A strategy to integrate iconic snack and confectionery brands into its global manufacturing and distribution network.