The Hershey Mergers and Acquisitions Summary

Food Company

The Hershey has acquired 13 companies, including 3 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 2 assets.

The Hershey’s largest acquisition to date was in 2017, when it acquired Amplify Snack Brands for $1.6B. The Hershey has acquired in 7 different US states, and 4 countries. The Company’s most targeted sectors include food (100%).

Join Mergr and gain access to The Hershey’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity15
    • M&A Buy Activity13
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 7
  • M&A Advisors 3

The Hershey Co. (The Hershey)

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

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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 11 1 1 - - - 13
vol $714M $1.6B $420M $2.7B
Sell (0.2/yr) # 1 - - - 1 - 2
  15

Most Recent M&A

Company Date Value Type
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
Mauna Loa Macadamia Nut Co. 2015-01-13 - Divestiture
Keaau, Hawaii · www.maunaloa.com
The Allan Candy Co., Ltd. 2014-12-04 - Add-on Acquisition
Mississauga, Ontario · www.allancandy.com
Shanghai Golden Monkey Group Co.,Ltd. 2013-12-19 584M USD Add-on Acquisition
Shanghai, China · www.jinsihou.com.cn
Brookside Foods Ltd. 2012-01-19 - Add-on Acquisition
Abbotsford, British Columbia · www.brooksidefoods.com
Van Houten (Singapore) Pte Ltd 2009-02-28 - Divestiture
Singapore, Singapore · www.vanhoutenchocolates.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 13 (100%) 2.7B (100%) 2 (100%) -
Total 13 $2.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 9 2.2B 2 -
  Texas 2 1.6B 1 -
  California 2 - - -
  Hawaii 1 130M 1 -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  New York 1 - - -
  New Jersey 1 420M - -
Canada 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
China 1 584M - -
Singapore 1 - - -
Domestic 9 (69%) 2.2B (79%) 2 (100%) -
Cross-border 4 (31%) 584M (21%) - -
Total 13 $2.7B 2 -

Top M&A Advisors

Financial Deals
Morgan Stanley
1
J.P. Morgan Securities LLC
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
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)
31%
4 (31%)
Strategic(s)
15%
2 (15%)
Divested to
Strategic(s)
100%
2 (100%)

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