We are advising Ferrero on the transaction

Davis Polk is advising the Ferrero Group on its acquisition of Power Crunch. Financial terms of the transaction were not disclosed. The proposed acquisition is expected to close in the coming weeks, subject to customary closing conditions.

Ferrero, founded in 1946, is one of the world’s largest sweet-packaged food companies, with over 35 iconic brands sold in more than 170 countries and about 47,000 employees. The Ferrero Group’s signature brands include Nutella, Kinder, Tic Tac and Ferrero Rocher.

Founded in 1996 in Irvine, California, Power Crunch is a leading provider of protein snacks, including its popular wafer bars and high-protein crisps.

The Davis Polk corporate team includes partner Daniel Brass and associates Jack Gordge and Itay Kazaz. Partner Aliza Slansky and associate Bradford Sherman are providing tax advice. Partner Jennifer S. Conway is providing executive compensation advice. Partner Frank Azzopardi and associate Brette L. Trost are providing intellectual property advice. Partner Ronan P. Harty is providing antitrust and competition advice. Members of the Davis Polk team are based in the New York and London offices. 

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