Nestlesaid it was offloading brands such as Crunch, Nerds, Runts and Butterfinger to focus on other products.
Nestle's business in the USA market generated a turnover of about 900 million US dollars in 2016, according to Ferrero.
The deal will move Ferrero into third place in terms of USA chocolate market share, at about 11 percent.
This year alone, he has made six acquisitions which include Chameleon Cold Brew, Freshly Inc, Sweet Earth Inc, Terra Canis GmbH, Blue Bottle Coffee Inc and others.
The sale does not include Nestle's Toll House baking products and its leading worldwide confectionery activities around the world, including its global brand KitKat.
The transaction is expected to close around the end of the first quarter of 2018 after approvals and closing conditions.
Overall, the company's USA sales were around $27 billion in 2016. The business now represents about 3% of the Nestle's USA group sales.
One dead after Florida casino shuttle fire
Coast Guard said that the fire happened near the mouth of the Coty River near New Port Richey, northwest of Tampa. Rescue crews initially reported everyone made it to shore, but now say one person is unaccounted for.
Jose Mourinho: 'Romelu Lukaku to return in a week'
Manchester United Manager Jose Mourinho has hit out at midfield legend Paul Scholes over his recent comments about Paul Pogba . And following Manchester United's 0-0 draw with Southampton at the weekend, he made a decision to aim his criticism at Pogba.
Future Samsung Phones Will Come with FM Radio
The Korean firm has made a deal with the NextRadio app to activate the FM radio chip within the forthcoming Galaxy S9 handset. It is simply a matter of smartphone manufacturers enabling the chip for that functionality.
Closely held Ferrero has recently been targeting the United States market.
Ferrero bought Fannie May Confections Brands from 1-800-FLOWERS in May for $115 million and in October announced plans to buy Ferrara Candy Co. - best known for Brach's, Trolli and Lemonheads - from private equity firm L Catterton for an undisclosed amount.
These include pet care, bottled water, coffee, frozen meals and infant nutrition, he added.
By acquiring Nestle's USA candy business, Ferrero can likely reduce its production, distribution and ingredient costs, saving the company money. It has been making Nutella since 1964.
The family-run Ferrero businesses have 22 production sites and 30,000 employees.In 10 years the company has more than doubled its turnover, to more than 10 billion euros.
Nestle was formed in 1905 with the merger of the Anglo-Swiss Milk Company, established in 1866 by brothers George and Charles Page, and Farine Lactee Henri Nestle, founded in 1866 by Henri Nestle.
The two countries are still technically at war, because the 1950-53 Korean conflict ended with a truce and not a peace treaty. This month New Zealand joined 17 countries in a joint statement pledging to enforce United Nations sanctions on North Korea.
Very devastating, ' another neighbour Ricardo Ross said, while his wife added: "It's insane , I can't believe this is going on". The six children were then taken to Riverside University Hospital System for medical examination and admitted for treatment.
Most tunnels that run from Gaza to Egypt are used to smuggle goods into the economically starved territory. Israeli jets bombed the tunnel opening on the Gaza side of the border late on Saturday night.
She's also written Black List script The Shower , which tells of an alien invasion that goes down during a baby shower. If " Black Widow " comes to be a reality, it will be Marvel's second superhero drama, to be led by a woman .
Samsung also revealed it's bringing its voice assistant, Bixby, to its smart TVs and Family Hub fridges this year. Toyota announced at CES on Tuesday that Amazon's Alexa would be integrated with its infotainment systems.
Things were much less comfortable for world number one Simona Halep against 17-year-old Australian wild card Destanee Aiava. Sharapova could next play 14th-seeded Anastasija Sevastova of Latvia, who beat the Russian at last year's U.S.
Blair Walsh's 27-yard field-goal try went wide left at the end of the one-point wild-card round loss at home to Seattle. Keenum threw an interception in between those scores in the third quarter but made up for it with big strikes to and.
While the State Department is warning all U.S. citizens not to travel to those countries, it can not prohibit them from doing so. In the new system, USA warns citizens against traveling to the "Kenya-Somalia border and some coastal areas due to terrorism".
The short drive started when the Falcons recovered a punt at the 18 yard line after it was touched by the Eagles . Losing Wentz, an MVP candidate, was the biggest blow during a season in which several standout players were hurt.
Unless you have a case of scurvy, no science has shown any concrete effect of vitamin C being helpful when you're sick. The state Department of Public Health in CT recently labeled the virus as "widespread" in the state .
I have a lifetime of unforgettable memories and friendships that shall endure forever. It's one of the hardest parts of being a college football fan.
Bus fire kills 52 Uzbeks traveling in Kazakhstan
The cause of the fire wasn't immediately clear, but investigators suspect it was triggered by a short circuit. The bus was traveling from southern Kazakhstan to Russia's Kazan, Kazakh officials said.
Law enforcement officers and a K-9 shot in SC
As officers later searched some woods around 3:30am, deputies were met by a barrage of gunfire, and three deputies were hit. Two officers were flown to Carolinas Medical Center and another was taken to the hospital by a vehicle, deputies said.
US House passes bill renewing surveillance powers
Here's a White House statement from last night, opposing an amendment that would restrict intelligence surveillance under FISA. Senate started considering the extension to the spy program with several Senators vowing to oppose the bill.
2 killed as magnitude 7.3 quake hits off Peru
The 7.3 magnitude quake with an epicentre in Lomas, Arequipa region, struck on Sunday leading to fears a tsunami would follow. The threat of a tsunami was ruled out by the Peruvian navy and the Pacific Tsunami Warning Center in Hawaii.
Predicted Chelsea XI vs Leicester City
Meanwhile, Jonny Evans helped to end West Bromwich Albion's long wait for an EPL win with a 2-0 home victory over Brighton. It may even surprise you to learnt that game was a win for Leicester City , ending a awful run of form.
Princess Charlotte has a hidden talent already!
Kate Middleton , 36, has revealed her daughter, Princess Charlotte , 2, speaks Spanish as well as her first language, English. The Kensington nursery school charges fees of over £3,000 for its morning school, which runs from Monday to Friday.
Sleeping Less May Lead To Poor Diet: Says Study
These individuals had a less craving for sugar and carbohydrates compared to those who stuck to their earlier sleep routines. While one group received advice on improving their sleeping habits, another group was left without any expert intervention.