Former Hershey Foods CEO David West is leading a deal to buy Ferrara Candy Company, the maker of gummi bears, for $1.5 billion, according to a new report.
The New York Post, citing unnamed sources, reports that West’s Conyers Park Acquisition is competing against a few private equity firms to purchase Ferrara Candy Company, the maker of Troilli gummi bears, Atomic Fireballs and Brach’s.
The moves comes despite low interest from many investors in the makers of unhealthy food, according to the Post. The bid suggests private equity firms still have interest in such companies.