M&A Deal Summary

The Hershey Acquires SkinnyPop

On December 18, 2017, The Hershey acquired food company SkinnyPop for 1.6B USD

Acquisition Highlights
  • This is The Hershey’s 12th transaction in the Food sector.
  • This is The Hershey’s largest (disclosed) transaction.
  • This is The Hershey’s 8th transaction in the United States.
  • This is The Hershey’s 2nd transaction in Texas.

M&A Deal Summary
Date 2017-12-18
Target SkinnyPop
Sector Food
Buyer(s) The Hershey
Deal Type Add-on Acquisition
Deal Value 1.6B USD
Advisor(s) Jefferies (Financial)
Goodwin Procter (Legal)

Target

SkinnyPop

Austin, Texas, United States
website
Amplify Snack Brands, Inc. (dba SkinnyPop) is a marketer of packaged popcorn products. Amplify Snack Brands was founded in 2010 and is based in Austin, Texas.

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Buyer(S) 1

Buyer

The Hershey

Hershey, Pennsylvania, United States

website

Category Company
Founded 1894
Sector Food
Employees18,075
Revenue 10.4B USD (2022)
DESCRIPTION

The Hershey is a producer of chocolate in North America and a global leader in chocolate and sugar confectionery. The Company's principal product groups include chocolate and sugar confectionery products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages. Hershey's five operating segments comprise geographic regions including the United States, Canada, Mexico, Brazil and other international locations, such as India, Korea, Japan, the Middle East, China and the Philippines. The Company markets its products in approximately 60 countries worldwide. The Hershey was founded in 1894 and is based in Hershey, Pennsylvania.

DEAL STATS #
Overall 12 of 16
Sector (Food) 12 of 16
Type (Add-on Acquisition) 11 of 13
State (Texas) 2 of 2
Country (United States) 8 of 12
Year (2017) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-26 Ripple Brand Collective

Congers, New York, United States

Ripple Brand Collective LLC (barkTHINS) is a producer of various type of chocolates in US.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-12 B&G Foods - Priate Brands

Parsippany, New Jersey, United States

B&G Foods, Inc. - Priate Brands including the Pirate’s Booty, Smart Puffs and Original Tings brands which provides food products.

Buy $420M
Mergr

Product

Company

Legal