Who Brands - Brand Ownership DirectoryWho Brands
HomeBrowse BrandsCategoriesCompaniesCompareBlogQuizAbout
HomeBrowse BrandsCategoriesCompaniesCompareBlogQuizAbout
Who Brands

Your trusted reference for brand ownership information. We provide factual, comprehensive data about who owns the brands you know.

Stay in the know

Get the latest ownership updates delivered to your inbox.

Browse

  • All Brands
  • Categories
  • Companies
  • Countries
  • Compare Brands
  • Blog
  • Brand Quiz
  • RSS Feed

Company

  • About Us
  • Methodology
  • Contact
  • FAQ
  • Submit a Brand
  • List Your Brand
  • Write for Us

Legal

  • Terms of Service
  • Privacy Policy
  • Cookie Policy
  • Affiliate Disclosure
  • Disclaimer

Support Us

☕Buy me a coffee

2026 Who Brands. All information is provided for educational purposes. Brand names and logos are trademarks of their respective owners.

  1. Home
  2. Brands
  3. Food & Beverage
  4. Butterfinger
Butterfinger logo
Food & Beverage

Who Owns Butterfinger?

Butterfinger is owned by Ferrero Group, a privately held Italian confectionery company headquartered in Alba, Italy. Ferrero acquired Butterfinger from Nestle in 2018 for $2.8 billion as part of a deal that included several Nestle U.S. confectionery brands. Ferrero reformulated Butterfinger in 2019 with higher-quality ingredients and relaunched the brand in 2020 with updated packaging.

Parent Company

Ferrero

Acquired

2018

Status

Private

Headquarters

Chicago, Illinois, USA

Butterfinger Timeline

1923

Butterfinger

Founded by Otto Schnering

Founded
2018
Acquired by Ferrero

Ferrero acquired Butterfinger

Acquired
budgetmass marketUnited StatesOfficial Website

Who Owns Butterfinger?

  • Parent Company: Ferrero
  • Ownership Type: Wholly owned
  • Acquisition Year: 2018
  • Company Type: Publicly Traded
BrandParent CompanyOwnership Type
ButterfingerFerreroWholly owned

Where to Buy

Disclosure: We may earn commission from purchases
AmazonButterfinger on Amazon

History of Butterfinger

  • Founded: 1923
  • Founders: Otto Schnering
  • Acquired by Ferrero: 2018

Butterfinger was invented in 1923 by Otto Schnering, founder of the Curtiss Candy Company in Chicago. Schnering was one of the most innovative confectioners of the early 20th century. He named the bar "Butterfinger" through a public contest, choosing a term that had been used by sportswriters to describe athletes who dropped balls. The name stuck.

The original Butterfinger consisted of a peanut butter and sugar core that was boiled, stretched, and folded to create a flaky, crisp texture. This core was then coated in chocolate. The manufacturing process gave Butterfinger its distinctive layered texture, which differentiated it from other candy bars of the era. Curtiss Candy Company also produced the Baby Ruth bar, which was introduced in 1920.

Schnering was an aggressive marketer. In 1927, he chartered an airplane and dropped Butterfinger bars over Pittsburgh, creating one of the first aerial marketing stunts in the United States. The company expanded rapidly through the 1930s and 1940s, becoming one of the largest independent candy manufacturers in the country.

Nestle S.A. acquired the Curtiss Candy Company brands in 1990. Under Nestle's ownership, Butterfinger maintained its market position but faced increasing competition from Mars (Snickers, Twix) and Hershey (Reese's). Nestle invested in marketing campaigns, including the long-running "Nobody Better Lay a Finger on My Butterfinger" campaign featuring Bart Simpson, which ran from 1990 to 2001.

In 2018, Nestle sold its U.S. confectionery business to Ferrero for $2.8 billion. Ferrero immediately began a reformulation effort, updating Butterfinger's recipe in 2019. The new version replaced the original chocolate coating with a higher-quality chocolate made from larger cocoa beans and removed the additive TBHQ (tert-butylhydroquinone). Ferrero also removed artificial flavors and colors. The reformulated Butterfinger launched in early 2020 with redesigned packaging that dropped the cartoonish logo for a more modern look.

Ferrero has since expanded the Butterfinger product line to include Butterfinger Cups, Butterfinger Bites, and seasonal shapes. The brand remains primarily a U.S. product, with limited international distribution compared to Ferrero's global brands like Nutella and Ferrero Rocher.

About Ferrero

What does Ferrero own?
Ferrero owns iconic confectionery brands including Nutella, Ferrero Rocher, Kinder, and Tic Tac, plus North American confectionery brands (Butterfinger, BabyRuth, 100 Grand), Ferrara candy brands (Brach's, Trolli), Power Crunch protein bars, WK Kellogg Co breakfast cereals (Froot Loops, Apple Jacks, Frosted Flakes, Rice Krispies, Special K), and Purely Elizabeth better-for-you breakfast foods (granola, oatmeal, cereal).

Is Ferrero publicly traded?
No, Ferrero is a privately held company owned by the Ferrero family since its founding in 1946. The company is not publicly traded on any stock exchange.

Who founded Ferrero?
Ferrero was founded in 1946 by Pietro Ferrero in Alba, Italy. Pietro was a pastry maker who created a chocolate hazelnut spread using locally abundant hazelnuts to extend limited cocoa supplies after World War II. After his death in 1949, his son Michele Ferrero expanded the business globally.

Where is Ferrero headquartered?
Ferrero maintains its corporate headquarters in Alba, Italy, where the company was founded. The holding company, Ferrero International S.A., is based in Luxembourg.

What is Ferrero's revenue?
Ferrero reported annual revenue of approximately EUR 19.3 billion for fiscal year 2025. The company has grown consistently, with the WK Kellogg Co acquisition in July 2025 contributing to portfolio diversification.

Who is the CEO of Ferrero?
Giovanni Ferrero serves as Executive Chairman of Ferrero. He is the grandson of founder Pietro Ferrero and has led the company's strategic direction since the death of his father Michele Ferrero in 2015.

  • Founded: 1946
  • Headquarters: Alba, Italy
  • Company Type: Publicly Traded
  • Revenue: approximately €19.3 billion (FY2025)
  • Employees: Approximately 46,000

Visit Ferrero website

View full company profile for Ferrero

Where Is Butterfinger Made / Based?

  • Headquarters: Chicago, Illinois, USA
  • Manufacturing / Operations: United States

Butterfinger Categories & Tags

Candy BarChocolatePeanut ButterConfectioneryAmerican Brand

Butterfinger Sustainability & Ethics

Butterfinger operates under Ferrero Group's corporate sustainability framework. Ferrero has made several commitments relevant to its confectionery products.

Cocoa Sourcing: Ferrero has committed to sourcing 100% certified sustainable cocoa by 2025 through programs including Rainforest Alliance, Fairtrade, and its own Ferrero Farming Values initiative. As of the company's most recent sustainability report, approximately 95% of cocoa was certified sustainable. Butterfinger's cocoa is sourced through this program.

Palm Oil: Ferrero is a founding member of the Palm Oil Innovation Group (POIG) and sources 100% RSPO-certified segregated sustainable palm oil. The company has been recognized by the World Wildlife Fund for its palm oil sourcing practices. Butterfinger products contain palm oil, which is sourced through Ferrero's sustainable palm oil program.

Packaging: Ferrero has committed to making 100% of its packaging recyclable, reusable, or compostable by 2025. As of 2024, approximately 83% of Ferrero's packaging was recyclable. Butterfinger's individual wrappers and multipack packaging are included in this target. The brand has not yet achieved 100% recyclable packaging.

No Artificial Colors or Flavors: Following the 2019 reformulation, Butterfinger no longer contains artificial colors, artificial flavors, or the preservative TBHQ. This change aligned the brand with consumer preferences for cleaner ingredient labels.

Child Labor in Cocoa Supply Chain: The cocoa industry has faced ongoing scrutiny regarding child labor in West African supply chains, particularly in Cote d'Ivoire and Ghana. Ferrero has implemented monitoring and remediation programs through its Ferrero Farming Values initiative. The company publishes an annual sustainability report detailing progress on child labor monitoring, though independent verification of outcomes has been mixed.

No independent certifications (B Corp, Fair Trade brand-level, organic) apply specifically to the Butterfinger brand.

Awards & Recognition

Butterfinger does not have a substantial record of independently verified industry awards. The brand's recognition is primarily historical and cultural:

  • Iconic American Candy Bar: Butterfinger has been recognized as one of the most recognizable American candy bar brands, with a history spanning over 100 years since its introduction in 1923.
  • Bart Simpson Campaign Recognition: The "Nobody Better Lay a Finger on My Butterfinger" advertising campaign, which ran from 1990 to 2001, was recognized as one of the most memorable candy bar marketing campaigns of the 1990s and was featured in Advertising Age's retrospective coverage of the decade's advertising.

No recent independent industry awards or third-party quality certifications have been documented for the Butterfinger brand.

Butterfinger Recalls & Controversies

2017 Plastic Contamination Recall: In March 2017, while Butterfinger was still under Nestle's ownership, Nestle recalled approximately 2,600 cases of Butterfinger Bites due to possible plastic contamination. The affected products were distributed in the United States and had a specific production code. No injuries or consumer complaints were reported. The recall was issued voluntarily as a precaution, and the issue was resolved within weeks.

2019 Reformulation Controversy: When Ferrero reformulated Butterfinger in 2019, some consumers expressed dissatisfaction with the new recipe on social media. The primary complaints were that the reformulated bar tasted different from the original and that the chocolate coating melted more easily. Ferrero acknowledged the feedback but maintained that the reformulation improved ingredient quality. The controversy was limited to social media discussion and did not result in any regulatory action or sales decline significant enough to be reported publicly.

Cocoa Supply Chain Child Labor Concerns: Ferrero Group, as a major cocoa buyer, has been named in reports and lawsuits regarding child labor in the West African cocoa supply chain. In 2021, the U.S. Supreme Court ruled in a case (Nestle USA v. Doe) involving several chocolate companies, though the ruling was narrowly focused on corporate liability under U.S. law and did not find the companies liable. Ferrero has implemented child labor monitoring programs through its Ferrero Farming Values initiative and publishes annual progress reports. The issue remains ongoing across the chocolate industry.

Nestle Acquisition Antitrust Review: The 2018 sale of Nestle's U.S. confectionery business to Ferrero was reviewed by the U.S. Federal Trade Commission. The FTC approved the transaction without requiring divestitures, determining that the acquisition did not substantially reduce competition in the U.S. confectionery market. The review was completed in January 2018.

Brands Owned by Ferrero

Ferrero RocherFood Beverage

Ferrero Rocher

Owned by Ferrero

Premium hazelnut chocolate brand launched in 1982 by Ferrero Group, sold in over 170 countries. Known for gold-foil wrapped praline chocolates and gifting positioning.

chocolatepremium-chocolategifting
NutellaFood Beverage

Nutella

Owned by Ferrero

Italian chocolate hazelnut spread brand owned by Ferrero Group, the world's best-selling branded chocolate spread with annual production exceeding 365,000 tonnes and sales in over 160 countries. Ferrero reported 2023/24 revenue of approximately €19.3 billion.

chocolatehazelnut-spreadconfectionery
Purely ElizabethFood Beverage

Purely Elizabeth

Owned by Ferrero

Better-for-you breakfast brand founded in 2009 in Boulder, Colorado, known for granola, oatmeal, and cereal with premium ingredients. Acquired by Ferrero Group in August 2026 for approximately $850 million.

granolabreakfastbetter-for-you
View all brands owned by Ferrero

Butterfinger Ownership: Pros & Cons

Advantages

  • +Access to Ferrero's global manufacturing expertise and supply chain infrastructure
  • +Higher-quality ingredients following the 2019 reformulation, including removal of artificial flavors and TBHQ
  • +Ferrero's sustainable cocoa and palm oil sourcing programs improve the brand's ethical profile
  • +Investment in the Bloomington, Illinois production facility with a $214 million expansion
  • +Part of the third-largest chocolate company globally, providing scale advantages

Considerations

  • -Butterfinger is a secondary brand within Ferrero's portfolio, receiving less investment than Nutella or Ferrero Rocher
  • -Significantly lower market share than Reese's in the peanut butter chocolate segment
  • -Limited international distribution compared to Ferrero's global brands
  • -Cocoa supply chain child labor concerns affect the broader chocolate industry, including Ferrero
  • -Ferrero is privately held, meaning no public financial transparency for brand-level performance

Frequently Asked Questions About Butterfinger

Sources & Further Reading

  • Ferrero Group Official Website
  • Ferrero Sustainability Report
  • Butterfinger Official Website
  • National Confectioners Association: U.S. Chocolate Market Data
  • IRI: U.S. Confectionery Sales Data
  • FDA: Food Recalls Database
  • Ferrero Farming Values: Cocoa Sourcing Program
  • RSPO: Roundtable on Sustainable Palm Oil Membership Directory
  • Wikidata: Butterfinger
  • Open Food Facts: Butterfinger

Competitors to Butterfinger

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
SnickersSnickers
Mars Inc
USA
1930
Mass marketGlobalUnisex
Baby RuthBaby RuthSister Brand
Ferrero
Italy
1921
Mass marketUnited statesAll-ages
M&M'sM&M's
Mars Inc
USA
1941
Mass marketGlobalAll-ages
Milky WayMilky Way
Mars Inc
USA (Mars)
1923
Mass marketGlobalAll-consumers
AeroAero
Nestle
United Kingdom
1935
Mass marketEuropeAll-ages
CadburyCadbury
Mondelez International
England
1824
Mass marketGlobalAll Genders

Learn More About Competitors

SnickersFood Beverage

Snickers

Owned by Mars, Incorporated

American chocolate bar with nougat, caramel, peanuts, and milk chocolate, owned by Mars, Incorporated. The world's best-selling chocolate bar.

chocolatecandy-barconfectionery
Baby RuthFood Beverage

Baby Ruth

Owned by Ferrero

American chocolate candy bar with peanuts, caramel, and chocolate, founded in 1921 by Curtiss Candy Company and owned by Ferrero Group since January 2018.

chocolateconfectionerycandy
M&M'sFood Beverage

M&M's

Owned by Mars, Incorporated

Candy-coated chocolate confections produced by Mars, Incorporated, one of the world's best-selling candy brands since 1941.

candychocolateconfectionery
Milky WayFood Beverage

Milky Way

Owned by Mars, Incorporated

American nougat, caramel, and chocolate candy bar owned by Mars, Incorporated, introduced in 1923. One of the oldest candy bars still in production in the United States, with a distinct formulation difference between US and European versions.

chocolatecandy-barnougat
AeroFood Beverage

Aero

Owned by Nestlé S.A.

British chocolate brand known for its distinctive aerated, bubbly texture, produced and distributed by Nestle and sold primarily in the United Kingdom, Canada, and select international markets.

chocolateconfectionerysnacks
CadburyFood Beverage

Cadbury

Owned by Mondelez International, Inc.

British confectionery brand known for Dairy Milk chocolate, owned by Mondelez International.

chocolateconfectionerydairy-milk

Competitive Analysis

Market Positioning: Butterfinger competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Butterfinger

Looking for brands with different ownership structures? These similar brands are not owned by Ferrero, giving you alternative choices that support different corporate structures.

AeroFood Beverage

Aero

Owned by Nestlé S.A.

British chocolate brand known for its distinctive aerated, bubbly texture, produced and distributed by Nestle and sold primarily in the United Kingdom, Canada, and select international markets.

chocolateconfectionerysnacks
Publicly Traded

Aero is owned by Nestlé S.A., a public company, a different structure than Butterfinger's parent.

CadburyFood Beverage

Cadbury

Owned by Mondelez International, Inc.

British confectionery brand known for Dairy Milk chocolate, owned by Mondelez International.

chocolateconfectionerydairy-milk
Publicly Traded

Cadbury is owned by Mondelez International, Inc., a public company, a different structure than Butterfinger's parent.

KitKatFood Beverage

KitKat

Owned by Nestlé S.A.

Chocolate-covered wafer bar created by Rowntree's in 1935, owned globally by Nestle S.A. and licensed to The Hershey Company in the United States under a perpetual agreement.

chocolateconfectionerywafer-bar
Publicly Traded

KitKat is owned by Nestlé S.A., a public company, a different structure than Butterfinger's parent.

A&W Root BeerFood Beverage

A&W Root Beer

Owned by Keurig Dr Pepper

Classic American root beer brand founded in 1919, owned by Keurig Dr Pepper (NYSE: KDP) and sold across North America in retail and foodservice channels.

root-beersoft-drinksoda
Publicly Traded

A&W Root Beer is owned by Keurig Dr Pepper, a public company, a different structure than Butterfinger's parent.

AquafinaFood Beverage

Aquafina

Owned by PepsiCo, Inc.

American brand of purified bottled water produced by PepsiCo, featuring both still and flavored water products distributed in more than 30 countries.

bottled-waterpurified-waterbeverage
Publicly Traded

Aquafina is owned by PepsiCo, Inc., a public company, a different structure than Butterfinger's parent.

Barq'sFood Beverage

Barq's

Owned by The Coca-Cola Company

American brand of root beer and other soft drinks owned by The Coca-Cola Company.

root-beersoft-drinkbeverage
Publicly Traded

Barq's is owned by The Coca-Cola Company, a public company, a different structure than Butterfinger's parent.

Jobs at Ferrero

Latest News About Butterfinger

Related Articles About Butterfinger

View more articles
Who Owns the Chocolate Industry
Industry Ownership

Who Owns the Chocolate Industry

Mars, Mondelēz, Nestlé, and Lindt control the vast majority of global chocolate sales. Here is a complete ownership map of the chocolate industry, from Snickers and Cadbury to KitKat and Toblerone.

Who Brands StaffMar 24, 2026
ChocolateIndustry OwnershipMars
Monthly M&A Roundup: August 2026 Brand Ownership Changes
News & Updates

Monthly M&A Roundup: August 2026 Brand Ownership Changes

August 2026's biggest deals: EA's $55B Saudi PIF buyout closed and delisted from Nasdaq, Aon agreed to buy USI for $17B, Nvidia reportedly agreed to acquire Hugging Face for $12.9B, Charter completed the Liberty Broadband and Cox transaction, Ferrero bought Purely Elizabeth, Samsonite acquired BEIS, LVMH raised its Loro Piana stake to 94%, and Essity bought Kenvue's Brazil feminine care business. Full breakdown.

Who Brands StaffSep 1, 2026
M And A RoundupAcquisitionsNews
How Family-Owned Companies Resist Acquisition
Industry Analysis

How Family-Owned Companies Resist Acquisition

Mars wrote Freedom into its corporate principles. IKEA is owned by a Dutch foundation. Aldi is split between two family branches. Discover how family-owned companies resist acquisition and why it matters. Explore our database.

Who Brands StaffJul 27, 2026
Family OwnedMarsIkea
View more articles

People Also Searched

Discover popular brands and companies in the Food & Beverage category and related searches from other users.

7 Up
Brandsoft-drink

7 Up

American lemon-lime flavored carbonated soft drink brand known for its crisp, clean taste and caffeine-free formula.

Brand in Food & Beverage
lemon-limecaffeine-free
Activia
Brandprobiotic

Activia

Probiotic yogurt brand owned by Danone SA, sold in more than 70 countries. Activia is positioned as a digestive health product and is one of Danone's highest-revenue dairy brands globally.

Brand in Food & Beverage
yogurtdigestive-health
Aero
Brandchocolate

Aero

British chocolate brand known for its distinctive aerated, bubbly texture, produced and distributed by Nestle and sold primarily in the United Kingdom, Canada, and select international markets.

Brand in Food & Beverage
confectionerysnacks
Browse All Food & Beverage

Last reviewed: July 1, 2026 · Reviewed by Who Brands Editorial Team