Nestlé is evaluating the future of its US confectionery business, including a potential sale.
The review covers the US market only and is expected to be completed by the end of this year.
Nestlé’s US confectionery business had sales of around CHF 900 million (US$923.93 million) in 2016.
It primarily includes local chocolate brands such as Butterfinger, BabyRuth, 100Grand, SkinnyCow, Raisinets, Chunky, OhHenry! and SnoCaps, as well as local sugar brands such as SweeTarts, LaffyTaffy, Nerds, FunDip, PixyStix, Gobstopper, BottleCaps, Spree and Runts.
It also comprises the international chocolate brand Crunch.
The review does not cover Nestlé’s iconic Toll House baking products, a strategic growth brand which the company will continue to develop in the US market.
