Ferrara Candy Company’s European holding arm has completed its acquisition of the French sweets producer CPK Group from investment firm Eurazeo.
According to Eurazeo, the sale generated approximately €240 million ($276.4 million) in proceeds recorded on its balance sheet. The transaction was first announced in July, when both companies revealed they were entering exclusive talks regarding the deal.
With this acquisition, Ferrara now owns a portfolio that includes well-known confectionery brands such as Carambar, Poulain, Lutti, and Terry’s.
Eurazeo said the sale “reaffirms its strategy of supporting ambitious and responsible transformations, while creating significant value for its clients and shareholders.”
CPK was established in 2017 following Eurazeo’s purchase of 14 brands from Mondelez International. The group continued to expand, acquiring the French confectioner Lamy Lutti the following year.
Ferrara CEO Marco Capurso stated, “The heritage and timeless appeal of these brands has earned generations of loyal consumers in France and beyond. Our new colleagues share our passion for quality, building beloved brands and delighting consumers.”
This merger strengthens Ferrara’s presence in Europe’s confectionery market, expanding its portfolio with established French brands and aligning with Eurazeo’s growth-focused strategy.