Davis Polk is advising Ferrero International S.A. on its acquisition of Fannie May Confections Brands, Inc. from 1-800-FLOWERS.COM, Inc. The transaction, which is expected to close by the end of May 2017, is subject to customary closing conditions and regulatory approvals.

Founded in 1946, Ferrero is the third-largest company in the global chocolate confectionery market, with global sales expected to exceed $11 billion this year, distribution across over 160 countries and a workforce of more than 30,000 people across 53 countries. Fannie May is a manufacturer of premium chocolates and confections and was founded in 1920 in Chicago, Illinois. Over nearly 100 years, Fannie May has grown into one of the most well-known premium confectionery brands in the Midwestern United States.

The Davis Polk corporate team includes partner John A. Bick. Partner Frank J. Azzopardi and associate Paul S. Lee are providing intellectual property and technology advice. Partner David H. Schnabel and associate Isaac MacDonald are providing tax advice. Partner Jean M. McLoughlin and counsel David Mollo-Christensen are providing executive compensation advice. Counsel Betty Moy Huber and associate Michael Comstock are providing environmental advice. Counsel Mary K. Marks is providing antitrust and competition advice. All members of the Davis Polk team are based in the New York office.

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