Ferrero negotiates with Eurazeo to take over French confectionery group Cpk

After the maxi-operation on Kellogg, Ferrero is preparing to buy also the French confectionary producer Cpk, acronym of Carambar Poulain Krema, from the investment fund Eurazeo. This is stated in a statement by the fund, which says it has started 'exclusive negotiations' with the Italian company.

In detail, Eurazeo is in discussions with Ferrara Candy's European holding company Ferrara Candy, a confectionery company in the US, which in turn is controlled by Ferrero. 'Under the terms of the agreement, Eurazeo and its partners will sell their entire financial stake in Cpk,' the statement reads.

The transaction, it is specified, remains subject to the conclusion of the information and consultation process with the company's trade unions, as well as the approval of the relevant competition authorities, but could close in the fourth quarter of 2025. "The transaction is expected to be worth 240 million in proceeds to Eurazeo's balance sheet," the note reads.

Created in 2017 following the acquisition of 14 brands from the US group Mondelez, Cpk is a French group operating in the candy, milk chocolate and French chocolate brands. It employs over 900 people and has three production sites and a laboratory in France. With the acquisition of Lamy Lutti in 2018, Cpk also acquired Arlequin candies, as well as licences for Vichy lozenges, Malabar chewing gum and Suchard Rocher, which made up its initial portfolio.