Local workers won’t feel the impact of Ferrara Candy Company moving its headquarters, a company spokeswoman promised.
The more than 100-year-old candy company announced its sweet move on July 16, and plans to move its headquarters to Chicago from Oakbrook Terrace.
Ferrara, owned by Italian confections giant Ferrero Group, employs 200 people at its factory in Forest Park, 7301 Harrison St., and 350 people total at its research-and-development facility in nearby Maywood and factory in Bellwood, a spokeswoman said, promising that local operations will remain unchanged. Ferrero acquired the similarly-named company last year, and continues to operate Ferrara as a separate business unit.
“As one of the largest confections companies in the U.S., our business continues to grow, and we need a more adaptive and flexible workspace that will meet the demands of our growing team,” Mike Goldwasser, chief human resources officer, said in a statement. “Relocating to the city of Chicago allows us to build a more open, collaborative and dynamic environment that a modern workforce expects, while providing access and appeal to a broader employee demographic.”
The company expects to complete the move by next spring, and said it’s still working to secure an office space.
Crain’s Chicago Business reported Ferrara is finalizing a letter of intent to move to a 20-story building at 625 W. Adams St. in the city’s trendy West Loop neighborhood. The candy maker is planning to lease about 60,000 square feet at the building and will become the first tenant of the new tower, according to Crain’s.
It’s unclear how many jobs the move will bring with it to the city, but Ferrara has about 300 employees in Oakbrook and 2,000 workers across Illinois.