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  5. Hershey Acquires Shanghai Golden Monkey Group Co.

M&A Deal Summary

Hershey Acquires Shanghai Golden Monkey Group Co.

On December 19, 2013, Hershey acquired food company Shanghai Golden Monkey Group Co. for 584M USD

Acquisition Highlights
  • This is Hershey’s 8th transaction in the Food sector.
  • This is Hershey’s 2nd largest (disclosed) transaction.
  • This is Hershey’s 1st transaction in China.

M&A Deal Summary
Date 2013-12-19
Target Shanghai Golden Monkey Group Co.
Sector Food
Buyer(s) Hershey
Deal Type Add-on Acquisition
Deal Value 584M USD

Target

Shanghai Golden Monkey Group Co.

Shanghai, China
Shanghai Golden Monkey Food Company, formerly known as Golden Monkey Group, was established in 1996. Staffed with more than 5,000 employees, with advanced equipment and technical expertise, the company has 10 sales regions supported by 15 sales branches with 130 sales offices throughout the country and has become a leading confectionery enterprise. Its product range includes Golden Monkey candy, chocolate, protein-based products, and snack foods.

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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 8 of 18
Sector: Food M&A 8 of 18
Type: Add-on Acquisition M&A Deals 7 of 15
Country: China M&A 1 of 1
Year: 2013 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-19 Brookside Foods

Abbotsford, British Columbia, Canada

Brookside Foods Ltd. is a producer and supplier of chocolates products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-04 The Allan Candy Co.

Mississauga, Ontario, Canada

The Allan Candy Co., Ltd. is a producer and distributor of chocolate confectionery products.

Buy -
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