USA – Nonni’s Bakery, known for its premium snacks and artisanal baked goods, has entered into a definitive agreement to be acquired by CTH Invest S.A., a Ferrero-related Belgian holding company.
Houlihan Lokey, who served as Nonni’s Bakery’s exclusive financial advisor in the transaction, made the announcement.
Nonni’s Bakery, a Vestar Capital Partners portfolio company, offers a variety of high-quality baked goods, including indulgent biscotti and better-for-you crisps.
The brand prides itself on delivering distinctive textures and flavors inspired by contemporary Italian recipes that celebrate the Italian spirit of eating and living well.
“Nonni’s Bakery is an artisan bakery for premium snack lovers, serving up a variety of high-quality baked goods that range from indulgent biscotti to better-for-you crisps,” the brand states on its website.
Ferrero, a global player in the chocolate confectionery and sweet biscuits industries, is related to CTH Invest S.A.
The acquisition represents another successful transaction for Houlihan Lokey in the food and beverage industry.
In a recent development, Nonni’s THINaddictives, a product line from Nonni’s Bakery, has won two Good Housekeeping 2023 Best Snack Awards.
This recognition highlights the brand’s commitment to delivering consumers high-quality and innovative snack options.
The acquisition of Nonni’s Bakery by CTH Invest S.A. is expected to strengthen Ferrero’s position in the premium snack market and further expand its product offerings.
The deal also showcases the continued growth and evolution of the food and beverage industry as companies seek to diversify their portfolios and cater to changing consumer preferences.
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