The Hershey - M&A Summary and Business Overview

FoodCompany

The Hershey M&A Summary

The Hershey has acquired 16 companies, including 3 in the last 5 years. A total of 5 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 10 different US states, and 4 countries. The Company’s most targeted sectors include food (100%).

The Hershey Business Overview

Where is The Hershey headquartered?

The Hershey is headquartered in Hershey, Pennsylvania.

What is The Hershey’s revenue?

The Hershey disclosed revenue of 10,419M USD for 2022 and 8,971M USD for 2021.

How many employees does The Hershey have?

The Hershey has 18,075 employees.

What sector is The Hershey in?

The Hershey is a food company.

When was The Hershey founded?

The Hershey was founded in 1894.

M&A Summary

  • M&A Total Activity18
    • M&A Buy Activity16
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

The Hershey

The Hershey Co.

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 ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 13 - 3 - - - 16
vol $2.7B $2.7B
Sell (0.2/yr) # 1 1 - - - - 2
  18

Most Recent M&A

Company Date Value Type
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
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
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 16 (100%) 2.7B (100%) 2 (100%) -
Total 16 $2.7B 2 -

By Geo

State/Country Buy Value Sell Value
United States 12 2.2B 2 -
  Texas 2 1.6B 1 -
  California 2 - - -
  Hawaii 1 130M 1 -
  Oregon 1 - - -
  North Dakota 1 - - -
  New York 1 - - -
  New Jersey 1 420M - -
  Indiana 1 - - -
  Colorado 1 - - -
  Pennsylvania 1 - - -
Canada 2 - - -
  Ontario 1 - - -
  British Columbia 1 - - -
China 1 584M - -
Singapore 1 - - -
Domestic 12 (75%) 2.2B (79%) 2 (100%) -
Cross-border 4 (25%) 584M (21%) - -
Total 16 $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)
31%
5 (31%)
Strategic(s)
19%
3 (19%)
Divested to
Strategic(s)
100%
2 (100%)

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