Local candy company buys Trolli line from Wrigley
Farley’s & Sathers Candy Co. Inc. has agreed to buy the North American trademark rights for the Trolli gummy candy brand from the Wm. Wrigley Jr. Co. for an undisclosed amount
Round Lake-based Farley’s & Sathers will also receive a Creston, Iowa, production facility in the deal. The factory employs approximately 150 people.
Chicago-based Wrigley (NYSE: WWY) had sought to sell the Trolli as part of a realignment plan after the company bought several brands from Northfield, Ill.-based Kraft Foods Inc. (NYSE: KFT) in June.
Farley’s & Sathers, which makes Chuckles, JujyFruits, Jujubes and Now and Later candies, has annual sales of roughly $200 million. The company also makes RainBlo and Super Bubble gum.
The privately held company was formerly a division of Kraft Foods, which sold it to Greenwich, Conn.-based private equity firm Catterton Partners Corp. in 2002.
