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FERRERO

The Italian who created Kinder Surprise dies aged 83

William Salice, who helped create the hugely popular Kinder Surprise chocolate eggs for children, died in Italy on Thursday aged 83, his foundation said.

The Italian who created Kinder Surprise dies aged 83
The success of Kinder Surprise eggs, containing gifts, was swift and lasting. Photo: John MacDougall/AFP

Salice had been undergoing treatment for a stroke in a hospital in the northern Italian town of Pavia, his Color Your Life foundation and Italian media reports said Friday.

He joined the Ferrero food group in 1960 and went on to become right-hand man to company boss Michele Ferrero, a visionary who invented the Nutella chocolate and hazelnut spread and who died in 2015.

In the 1970s, the chocolate baron was seeking a means to get around the seasonal nature of Easter eggs and find a use for the manufacturing moulds that served no purpose for much of the year.

The outcome was the Kinder Surprise, a chocolate egg containing little plastic parts of toys to be assembled by children. The contents of the capsules inside the eggs varied widely and the success of the product was swift and lasting.

Ferrero has sold billions of Kinder Surprise eggs in more than 40 years and claims that its monthly output consists of enough chocolate to pave the 400,000 square metres (4.3 million square feet) of the Monterrey Macroplaza in Mexico.

“The inventor is Ferrero, I was just the material executor,” Salice often repeated, but he played a part in the creation of other renowned products such as the Ferrero Rocher and Pocket Coffee.

The Turin native retired in 2007 with a bonus of €400,000 ($422,000). He invested the sum in his Color Your Life campus on the Italian Riviera, aimed at enabling children aged between 13 and 18 to foster their strongest talents.

The huge success of Kinder Surprise eggs has on occasion been overshadowed by tragedy, including the death in Toulouse last January of a little girl aged three who choked on a toy. After an investigation the prosecutor cleared Ferrero.

The eggs are banned in the United States under a 1938 law prohibiting the insertion of any objects into food products, while in Chile they were banned last summer under new legislation to combat obesity.

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NESTLE

Swiss giant Nestlé makes $2.8 bn sweet deal with Ferrero

Nestlé said on Tuesday it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.

Swiss giant Nestlé makes $2.8 bn sweet deal with Ferrero
Photo: Joe Raedle/Getty Images North America/AFP
Ferrero, known for its Tic Tac, Nutella and Ferrero Rocher brands but which has traditionally preferred organic growth to acquisitions, will now be picking up Crunch, Butterfinger and Baby Ruth from Nestlé.
   
The sale will make Ferrero the third-largest confectionary company in the US market.
   
According to media reports, Ferrero competed with major chocolate manufacturer Hershey and private funds, including Rhone Capital, to secure the deal.
   
Executive chairman Giovanni Ferrero said that after the acquisition the Ferrero Group “will have substantially greater scale, a broader offering of high-quality products to customers…” in the United States, the world's largest confectionary market.
   
Nestlé's chief executive Mark Schneider said the deal “allows Nestlé to invest and innovate across a range of categories where we see strong future growth and hold leadership positions, such as pet care, bottled water, coffee, frozen meals and infant nutrition.
 
$8 billion market
 
Nestlé has begun to reposition itself since Schneider, who previously headed up German healthcare group Fresenius, took over the reins of the Swiss firm at the start of last year.
  
It has snapped up companies that make vegetarian meals, vitamins and luxury coffee.
   
Its US candy business registered sales of some 900 million Swiss francs in 2016, in a market worth an overall $8 billion, according to Ibis World.
   
The figure only represented around three percent of its overall US sales, Nestlé said.
   
The company added it remains fully committed to growing its leading international confectionery activities around the world, particularly its global brand KitKat.
   
The family-run Ferrero businesses has 22 production sites and 30,000 employees.
   
In ten years the company has more than doubled its turnover, to more than ten billion euros.
   
Since 2014 it has acquired the Turkish group Oltan, specializing in hazelnuts, and the British chocolatier Thornton's before starting its offensive in the US.
   
The deal is expected to be finalized by the end of March, Nestlé added.