WEXFORD, PA — Nonni’s Bakery, an artisan snack bakery, is set to be acquired by CTH Invest SA, a Ferrero-related holding company, from Vestar Capital Partners.
Nonni’s, established in 1988, specializes in manufacturing premium artisanal biscotti and baked goods. The company’s brand portfolio includes Nonni’s THINaddictives, Nonni’s Bites, La Dolce Vita and Nonni’s Snackers.
“The coming together of Nonni’s Bakery with the Ferrero extended family returns Nonni’s to its Italian roots and plants our great brands into the most fertile soil for continued growth and development,” said Mark Kleinman, president and CEO of Nonni’s.
The Wexford, PA-based baking company operates four manufacturing facilities with approximately 350 employees.
This acquisition will strengthen Ferrero’s North American presence and support its growth in the sweet-packaged food industry.
Investment banking firm Houlihan Lokey served as financial advisor with Latham & Watkins LLP serving as the legal advisor for the baking company and Vestar.
