No, Nestle does not own Ferrero. In fact, the opposite is true! Ferrero, the Italian confectionery giant known for brands like Nutella, Ferrero Rocher, and Tic Tac, acquired a significant portion of Nestlé's US confectionery business in 2018.
This acquisition included over 20 brands, including Butterfinger, Crunch, Baby Ruth, and 100 Grand. The deal saw Ferrero taking over three candy manufacturing facilities in Illinois that were previously owned by Nestlé.
In essence, Ferrero bought a significant part of Nestlé's US confectionery business, not the other way around.
This acquisition was a strategic move for Ferrero, as it significantly expanded their portfolio and market share in the US. While Nestle no longer owns Ferrero, they still remain a major player in the global food and beverage industry with a diverse range of products and brands.
