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Ferrero has completed its purchase from Nestlé of several US brands, including Raisinets (chocolate covered raisins). Photo credit: Mark Bonica (CC BY 2.0) 

The transaction included more than 20 American brands and three manufacturing facilities in the US, Ferrero said in a press release on Saturday.

Giovanni Ferrero, the firm’s executive chairman, stated in the announcement:

“With our substantially increased scale and broader offering of high-quality products across the chocolate snack, sugar confectionary and seasonal categories, Ferrero is poised for continued growth in the key U.S. market.”

Ferrero Group’s CEO, Lapo Civiletti, said in the release:

“This is an important moment for the Ferrero Group, and we are confident that our commitment to deliver value to North American consumers and customers will be strongly enhanced by the addition of these powerful brands to our portfolio.”

The company announced the $2.8bn deal in January.

Ferrero’s international operations are based in Findel. The firm employs around 900 people in Luxembourg.