M&A Deal Summary

Hershey Acquires SkinnyPop

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

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

M&A Deal Summary

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

Target

SkinnyPop

Austin, Texas, United States
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

Hershey

Hershey, Pennsylvania, United States

Category Company
Founded 1894
Sector Food
Employees18,650
Revenue 11.2B USD (2024)
DESCRIPTION

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.


DEAL STATS #
Overall 12 of 18
Sector: Food M&A 12 of 18
Type: Add-on Acquisition M&A Deals 11 of 15
State: Texas M&A 2 of 3
Country: United States M&A 8 of 14
Year: 2017 M&A 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