Nestlé Is looking to sell Its U.S. candy business


Nothing satisfies our sweet tooth quite like an old-fashioned candy bar; just one bite of a Hershey's or Kit Kat transports us right back to our childhood. Unfortunately, some of our favorite chocolate bars might be in danger, as Nestlé has announced it's considering selling its U.S. confectionery business.

The Swiss chocolate company, which is responsible for iconic brands such as Butterfinger, Baby Ruth, 100 Grand and Crunch, is exploring "strategic options," including potentially selling the company.

15 PHOTOS
Nestle chocolate products
See Gallery
Nestle chocolate products
TORONTO, ONTARIO, CANADA - 2015/03/28: Nestle Nesquik Cereal in a Store Shelf,Nesquik is a brand of products made by Nestlé. In 1948, Nestlé launched a mix for chocolate-flavored milk called Nestle Quik. This was released in Europe during the 1950s as Nesquik. (Photo by Roberto Machado Noa/LightRocket via Getty Images)
Bars of KitKat chocolate, produced by Nestle SA, sit on display at Nestle's headquarters in Vevey, Switzerland, on Thursday, Feb. 19, 2015. Nestle, the world's biggest food company, forecast 2015 sales growth near the low end of its long-term target after reporting the slowest annual sales growth in five years, hit by stagnant revenue in China. Photographer: Gianluca Colla/Bloomberg via Getty Images
Bars of Nestle brand chocolate sit on display at the Nestle SA headquarters in Vevey, Switzerland, on Thursday, Feb. 19, 2015. Nestle, the world's biggest food company, forecast 2015 sales growth near the low end of its long-term target after reporting the slowest annual sales growth in five years, hit by stagnant revenue in China. Photographer: Gianluca Colla/Bloomberg via Getty Images
SAN FRANCISCO, CA - FEBRUARY 18: Nestle Crunch candy bars are displayed on a shelf at a convenience store on February 18, 2015 in San Francisco, California. Nestle USA announced plans to remove all artificial flavors and FDA-certified colors from its entire line of chocolate candy products, including the popular Butterfinger and Baby Ruth candy bars, by the end of 2015. (Photo by Justin Sullivan/Getty Images)
SAN FRANCISCO, CA - FEBRUARY 18: Nestle Butterfinger candy bars are displayed on a shelf at a convenience store on February 18, 2015 in San Francisco, California. Nestle USA announced plans to remove all artificial flavors and FDA-certified colors from its entire line of chocolate candy products, including the popular Butterfinger and Baby Ruth candy bars, by the end of 2015. (Photo by Justin Sullivan/Getty Images)
Sealed packets of Nesquik countlines confectionary pass through a processing machine during production at the Rossiya chocolate factory, operated by Nestle SA, in Samara, Russia, on Tuesday, Sept. 16, 2014. In Aug. Nestle cited Russia as a key driver of 1H sales growth in eastern Europe, especially in ice cream and confectionery. Photographer: Andrey Rudakov/Bloomberg via Getty Images
Bars of Russian and Nestle SA-branded chocolate, center, sit on a shelf inside an OAO Magnit hypermarket in Krasnodar, Russia, on Thursday, Aug. 7, 2014. Russia slapped import bans on an array of food goods from the U.S. and Europe and threatened to target the automotive, shipping and aerospace industries, striking back at sanctions over the conflict in Ukraine. Photographer: Andrey Rudakov/Bloomberg via Getty Images
Multipacks of Toffee Crisp chocolate bars, produced by Nestle SA, sit displayed for sale inside a supermarket in London, U.K., on Tuesday, Feb. 11, 2014. The pound rose to a one-week high against the dollar after an industry report showed U.K. retail sales growth accelerated in January, adding to evidence the recovery is gaining momentum. Photographer: Simon Dawson/Bloomberg via Getty Images
KitKat chocolate confectionary bars, manufactured by Nestle SA, sit displayed for sale in a newsagent's store in London, U.K., on Thursday, Oct. 17, 2013. The cost of chocolate is set to rise, propelled by raw sugar trading at a nine-month high and this year's 60 percent increase in cocoa butter combined with the arrival of Christmas demand. Photographer: Chris Ratcliffe/Bloomberg via Getty Images
Bars of chocolate Crunch move on a conveyor belt at the Nestle SA chocolate production plant in Toluca, Mexico, on Wednesday, Oct., 9, 2013. Nestle SA, the worlds biggest food company, manufactures and markets a wide range of food products including milk, chocolate, confectionery, bottled water, coffee, creamer, food seasoning and pet foods. Photographer: Susana Gonzalez/Bloomberg via Getty Images
Chocolate with the brand of 'Galak' are seen in a display at the Switzerland's oldest chocolate factory of Cailler, owned by giant food company Nestle on March 29, 2010 in Broc. AFP PHOTO / FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
Smarties chocolates, one of many Nestle products. (Photo by: Newscast/UIG via Getty Images)
(GERMANY OUT) white chocolate from the Nestle company (Photo by Schöning/ullstein bild via Getty Images)
SWITZERLAND - FEBRUARY 19: A pile of Nestle chocolate bars seen at the Nestle factory in Broc, Switzerland , Thursday, February 19, 2004. Nestle SA, the world's largest foodmaker, said first-half profit rose 2.1 percent after the company sold more Nespresso coffee and Purina Dog Chow, cut manufacturing costs and shed less-profitable businesses. (Photo by Christophe Bosset/Bloomberg via Getty Images)
HIDE CAPTION
SHOW CAPTION
of
SEE ALL
BACK TO SLIDE

Though the company hasn't confirmed the reason for the potential sale, we can assume it might have something to do with sales being down since Americans are making healthier snack choices. In a recent press release, Nestlé referred to its U.S. numbers as "disappointing," and said that the business was "impacted by the competitive environment and low growth in the mainstream chocolate market."

The company is hoping to close a deal by the end of the year, so you might want to stock up on your favorite bars while they're still available.

Read Full Story

Sign up for the Best Bites by AOL newsletter to get the most delicious recipes and hottest food trends delivered straight to your inbox every day.

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Search Recipes