date:May 25, 2012
rger were not disclosed.
Deal to foster growth
Salvatore Ferrara, Ferrara Pan's CEO said:This transaction brings together two well-positioned candy companies with iconic brands and loyal consumer and customer followings to create a category leader.
Mr Ferrera will become chairman and CEO of the new company and private equity firm Catterton Partners which owns Farley's Sathers, will remain as a majority investor in the combined company.
Scott Dahnke, managing partner of Catterton Partners, a