Global sweet-packaged food company Ferrero Group signed an agreement to acquire Power Crunch from Bio-Nutritional Research Group Inc. As part of the transaction, Ferrero will take over an office site in Irvine, Calif., with approximately 50 employees joining the Ferrero Group in North America.
Power Crunch has seen strong growth recently driven by its portfolio of protein snacks, including a variety of wafer bars and high-protein crisps, which launched in 2024.
"We're thrilled to welcome Power Crunch to the Ferrero family and our ever-expanding portfolio of products in the U.S.," said Michael Lindsey, president and chief business officer of Ferrero North America, in a release. "The quality craftsmanship and thoughtful investment Ferrero applies to our portfolio has driven our success across categories. We look forward to applying the same formula to the better-for-you category, starting with the distinctive products produced by the exceptional Power Crunch team."
The planned acquisition supports Ferrero's expansion in the better-for-you product category, following the acquisitions of Fulfil and Eat Natural in Europe. It also is the latest in a series of acquisitions growing Ferrero's footprint in the United States, following the integration of everyday chocolate brands Butterfinger, Baby Ruth and Crunch and cookie brands Keebler, Famous Amos and Mother's. Iowa-based ice cream company Wells Enterprises joined Ferrero Group in 2022.
