Nestlé Looks to Sell U. S. Candy Business as Americans Eat Fewer Sweets -
By MICHAEL J. de la MERCEDJUNE 15, 2017
Nestlé said on Thursday that it was considering a sale of its American candy business, the home of treats
that include Gobstoppers, Nerds and Butterfinger and Crunch bars as demand for sweets has fallen off in the United States.
Giants in the industry have already pursued ways to cut costs through deal-making, including
when Mondelez International — once part of Kraft — unsuccessfully bid for Hershey last year.
In a statement, Nestlé said that it remained committed to the American market, where it sells pet food
and bottled water, and where it had more than $27 billion in sales across all its businesses last year.
And the Swiss company said it would also hold onto its Toll House line of baking goods, declaring it a “strategic growth brand.”
Tell us what you think