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Hershey - M&A Summary and Business Overview

FoodCompany

Hershey M&A Summary

Hershey has acquired 18 companies, including 5 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 2 assets.

Hershey’s largest acquisition to date was in 2017, when it acquired Amplify Snack Brands for $1.6B. Hershey has acquired in 11 different US states, and 4 countries. The Company’s most targeted sectors include food (100%).

Hershey Business Overview

Where is Hershey headquartered?

Hershey is headquartered in Hershey, Pennsylvania.

What is Hershey’s revenue?

Hershey disclosed revenue of 11,202M USD for 2024 and 11,165M USD for 2023.

How many employees does Hershey have?

Hershey has 18,650 employees.

What sector is Hershey in?

Hershey is a food company.

When was Hershey founded?

Hershey was founded in 1894.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity18
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

Hershey

The Hershey Co.

19 East Chocolate Avenue,
Hershey, Pennsylvania 17033
United States,
(717) 534-4200
www.thehersheycompany.com

Hershey is a producer of chocolate and sugar confectionery products; gum and mint refreshment products; and pantry items, such as baking ingredients, toppings and beverages. The company'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 Hershey was founded in 1894 and is based in Hershey, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (1.0/yr) # 13 3 - - 1 1 18
vol $2.7B $2.7B
Sell (0.0/yr) # 2 - - - - - 2
  20

Most Recent M&A

Company Date Value Type
LesserEvil LLC 2025-04-03 - Add-on Acquisition
Danbury, Connecticut · www.lesserevil.com
Actual Candy LLC 2024-11-08 - Add-on Acquisition
Stafford, Texas · shop.sourstrips.com
Dot's Pretzels LLC 2021-11-10 - Add-on Acquisition
Velva, North Dakota · www.dotspretzels.com
Pretzels, Inc. 2021-11-10 - Add-on Acquisition
Bluffton, Indiana · www.pretzels-inc.com
Lily - Confectionery Brand 2021-05-18 - Divestiture
Boulder, Colorado
Krave Pure Foods, Inc. 2020-05-04 - Divestiture
Austin, Texas · www.kravejerky.com
B&G Foods, Inc. - Priate Brands 2018-09-12 420M USD Divestiture
Parsippany, New Jersey
Amplify Snack Brands, Inc. 2017-12-18 1.6B USD Add-on Acquisition
Austin, Texas · www.amplifysnackbrands.com
Ripple Brand Collective LLC (barkTHINS) 2016-04-26 - Add-on Acquisition
Congers, New York · www.ripplebrands.com
Krave Pure Foods, Inc. 2015-01-29 - Add-on Acquisition
Austin, Texas · www.kravejerky.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 18 (100%) 2.7B (100%) 2 (100%) -
Total 18 $2.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 14 2.2B 2 -
  Texas 3 1.6B 1 -
  California 2 - - -
  Hawaii 1 130M 1 -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  North Dakota 1 - - -
  New York 1 - - -
  New Jersey 1 420M - -
  Indiana 1 - - -
  Connecticut 1 - - -
  Colorado 1 - - -
Canada 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
China 1 584M - -
Singapore 1 - - -
Domestic 14 (78%) 2.2B (79%) 2 (100%) -
Cross-border 4 (22%) 584M (21%) - -
Total 18 $2.7B 2 -

Top M&A Advisors

Financial Deals
Morgan Stanley
 1
J.P. Morgan Securities
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 1

Deal Values

buy # Total
> $1B 1 $1.6B
$100M to $1B 3 $1.1B
TOTAL $2.7B
Largest Amplify Snack Brands, Inc.
$1.6B (2017-12-18)

M&A Connections

Deals
Acquired from
Investor(s)
28%
5 (28%)
Strategic(s)
17%
3 (17%)
Divested to
Strategic(s)
100%
2 (100%)

Company Summary

SECTOR

Food

Revenue

11,202   1% 2024
11,165   8% 2023
10,419   17% 2022
8,971   11% 2021
8,150   3% 2020
7,986   3% 2019
7,791   4% 2018
7,515   2% 2017
7,440   1% 2016
7,387   1% 2015
7,422   4% 2014
7,146   8% 2013
6,644   2012
(millions of USD) Show More Show Less

Employees

18,650

Established

1894

Public

NYSE: HSY

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