Small, mountainous Switzerland — a country that ranks 61st in the world by total area — is one of the world’s biggest investors in the US.
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Ferrero previously bought Nestlé’s US candy biz for $2.8 billion, as well as chocolate-maker Fannie May and RedHots owner Ferrara.
The cost of manufacturing chocolate and confectionery from cocoa has risen a terrifying 45% this year, according to the producer price index.