Chicago’s Ferrara Candy Organization is anticipated to invest in California-centered Jelly Belly later this 12 months beneath an undisclosed agreement, according to a joint announcement from each companies.
Offering additional than 100 flavors of jelly beans, Jelly Tummy was started in 1869 in Belleville, Unwell., as the Goelitz Confectionery Corporation. The firm moved to North Chicago in 1913 and about a ten years afterwards relocated to northern California, where its headquarters remain.
Jelly Belly’s virtually 800 staff members in California, Illinois and Thailand will grow to be a aspect of Ferrara the moment the offer is finalized, in accordance to the corporations.
“As we regarded as the upcoming of Jelly Belly Candy Corporation, we have been steadfast in our motivation to create a get-earn situation for our workforce, customers, and merchandise,” Herman Rowland, Sr., chairman of the board of administrators of Jelly Tummy mentioned in the information release. “When I satisfied with the Ferrara staff, I identified a like-minded team that shares our expertise and enthusiasm for the candy company and has the expertise and methods to grow our items and the professions of our men and women all-around the entire world. I am self-confident of the ongoing good results of Jelly Tummy as element of the Ferrara portfolio.”
The transaction will most likely be finalized by the conclude of 2023. Ultimate phrases of the offer haven’t been produced public.
Ferrara, which has referred to alone as the top U.S. sugar confections organization, producers a selection of popular sweet manufacturers, like SweeTARTS, NERDS, Laffy Taffy, Gobstopper and Trulli.
