![Nestle Selling it’s U.S. Confectionery Business](http://townsquare.media/site/691/files/2018/01/nestle.jpg?w=300&h=200&zc=1&s=0&a=t&q=89&w=980&q=75)
Nestle Selling it’s U.S. Confectionery Business
Nestle is selling its U.S. confectionery business to Italian chocolate and candy maker Ferrero for an estimated $2.8 billion.
Nestle's American sweet treats include Nestle Crunch, Butterfinger, Baby Ruth, Raisinets, Nips, Skinny Cow and Laffy Taffy.
Nestle's 2016 U.S. confectionery sales were about $900 million and represent about 3 percent of U.S. Nestle Group's sales.
Nestle is the world's largest food company, according to the 2017 Forbes Global 2000. Here's more from the USA Today.
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