Burlington’s Nestle factory to remain in operation despite sale to Ferraro
BURLINGTON, Wis. (CBS 58) – Nestle has sold its U.S. confectionary business to the company Ferraro for $2.8 billion.
According to the company, the Nestle factory in Burlington will still be considered a Nestle factory and will produce Nestle’s baking, beverage and ice cream products. However, Ferraro confectionary products will also be made at the factory. The future of production of certain Nestle confectionary products at the Burlington factory is uncertain.
Area residents say a change could be disappointing.
“It’s gonna be a shame if they do something other than chocolate because it does smell so good,” Burlignton resident Paul Armetta said.
The factory employs nearly 500 people. No layoffs are expected.