Ferrero to buy biscuit businesses of Kellogg for $1.3 billion

"The Ferrero Group... will acquire the cookie, fruit and fruit-flavoured snack, ice cream cone and pie crust businesses from Kellogg Company," which generated sales of approximately $900 million in 2018, it said. The brands Ferrero will acquire include popular Keebler cookies as well as Famous Amos and Murray Sugar-Free cookies and fruit snacks such as Stretch Island.

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