Ferrara Candy Company recently announced an agreement to acquire Dori Alimentos, a Brazilian manufacturer and distributor of sweets and snacks. The acquisition will be done through CTH, the lead holding company of Ferrara.
Since its founding in 1967, Dori has built strong and recognised brands loved by millions of consumers across Brazil which includes Dori, Pettiz, Jubes, Gomets, Bolete and more. Ferrara has been headquartered in Chicago for more than 115 years and is a privately owned company, possessing a portfolio of brands which includes Black Forest, Brach’s, Trolli and more.
“We are thrilled to join Ferrara, who we are confident is the right partner for this next step of Dori’s incredible story,” said Pedro Lobo, Chief Executive Officer of Dori. “Like us, Ferrara puts the consumer at the center of all they do, shares our spirit of innovation and believes in the emotional power of candies and snacks. This pairing reflects the outstanding company that the Dori team has built over fifty-six years and our standing as industry pioneers in Brazil. We are thrilled to preserve that valued heritage.”
“Dori is a great fit with Ferrara, with a complementary portfolio of candies, similar heritage and a values-driven internal culture,” commented Marco Capurso, Chief Executive Officer of Ferrara. “We have deep admiration for Dori’s products and extraordinary team. We are excited to enter the fast-growing Brazilian market and create tremendous opportunity ahead for both Dori and Ferrara.”
Once the transaction is closed, Dori’s 3100+ employees will join Ferrara’s 4600-strong workforce to advance a shared vision and strategy, bringing additional sweetness to consumers around the world.
“For many years, Ferrara has been a great inspiration for building Dori’s product portfolio and, perhaps because of this, they are similar and aligned companies. I am happy to see that Dori will be instrumental to the official expansion of Ferrara into Brazil, which will certainly provide the best path for the success of the business we have built,” said Vitor Barion, Chairman of the Board of Directors of Dori.
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