Ferrero has completed its previously announced acquisition of Nestle USA's confectionery business.

Giovanni Ferrero, executive chairman of the Ferrero Group, says the acquisition will secure the company's future growth.

"This outstanding portfolio of icon brands with rich histories and tremendous brand awareness is a strong addition to Ferrero's growing US platform, which includes the recently acquired Ferrara Candy Co. and Fannie May Confection Brands."

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