USA: Hershey acquires Pirate Brands from B&G Foods
US confectionery firm Hershey has announced a definitive agreement to purchase Pirate Brands from B&G Foods for $420 million. The “strategic acquisition” includes the Pirate’s Booty, Smart Puffs and Original Tings brands. Pirate Brands will operate within Amplify, Hershey’s ‘better-for-you’ snacking hub in Austin. Commenting on the deal, Hershey’s chief growth officer Mary Beth West said: […]
China: Hershey divests Golden Monkey
US confectionery firm Hershey has announced the sale of Golden Monkey, a Shanghai-based confectionery brand, to Henan Yuxiang Food Technology for an undisclosed amount. The move comes as volume sales of sugar confectionery have reportedly declined in China as consumers switch to healthier options. Alongside confectionery, Golden Monkey also markets a tofu-based snacking brand called […]
UK: Intersnack to acquire Tyrrells business
German snacks firm Internsack has announced the acquisition of UK crisp business Tyrrells from US confectioner Hershey for an undisclosed sum. The Tyrrells business includes a head office and two manufacturing sites in the UK, along with US manufacturing operations, the Aroma Snacks business in Germany and Yarra Valley Snack Foods in Australia. Hershey acquired Tyrrells […]
USA: Hershey initiates $60 million facility expansion
Hershey, the US chocolate firm, has broken ground on a $60 million project to expand a manufacturing facility in Hazle Township, PA, USA, according to a report in the Times Leader. The investment, which is set to add 111 new jobs at the site, will see the installation of a new Kit Kat production line […]
USA: Hershey to buy Amplify Snack Brands
Hershey, the US confectionery firm, is taking its first significant step beyond the chocolate category with the acquisition of snack food firm Amplify Snack Brands for $921 million. The deal “strengthens Hershey’s position in the snacking aisle and broadens its portfolio of innovative savory snacking brands”, the company said in a statement. The Amplify Snack Brands portfolio includes […]
USA: Hershey rebuffs takeover offer from Mondelez International
Hershey, the US chocolate firm, has announced that it has rebuffed a takeover offer from global snack and confectionery firm Mondelez International. The Pennsylvania-based firm confirmed that it had received a preliminary, non-binding indication of interest from Mondelez to acquire the company for a mix of cash and stock consideration worth $107 a share of Hershey common stock, or […]
Brazil: Hershey Brasil and Bauducco end joint venture
Hershey Brasil, the Brazilian arm of the US confectionery company, and Bauducco, a Brazilian firm manufacturing biscuits, panettones and other bakery products, are to cease their joint venture in Brazil, according to a report in Globo. Having been given the green light by the Brazilian competition authority CADE, the Bauducco group company Pandurata will sell […]
USA: Hershey expands further into snacks business with acquisition of Krave Pure Foods
Hershey has announced that it has entered into an agreement to acquire the meat snack maker Krave Pure Foods for an undisclosed amount. Krave is an all-natural jerky brand producing a range of more unusual flavours including Black Cherry Barbeque Pork Jerky, Basil Citrus Turkey Jerky and Chili Lime Beef Jerky. “Krave Jerky is a […]
USA: Hawaiian Host to buy macadamia nut processor Mauna Loa
Hawaiian Host, a Hawaii-based manufacturer of chocolate-coated macadamia nuts, has entered into an agreement with leading confectionery producer The Hershey Co to acquire the Mauna Loa Macadamia Nut Corporation for an undisclosed amount, according to reports in ABC News and Khon2. Mauna Loa is one of the world’s largest processors of macadamia nuts and was […]
US: Hershey acquires Allan Candy Company
Hershey has extended its manufacturing capacity in North America, as well as expanding its brand portfolio, through the acquisition of the Canadian confectionery firm Allan Candy. Allan Candy owns brands including Allan, Big Foot, Hot Lips and Laces and more than half of its current manufacturing capacity is used to make Hershey Sweets & Refreshment […]