M&A Deal Summary

Hershey Acquires Van Houten Pte

On February 28, 2009, Hershey acquired food company Van Houten Pte from Barry Callebaut

Acquisition Highlights
  • This is Hershey’s 6th transaction in the Food sector.
  • This is Hershey’s 1st transaction in Singapore.

M&A Deal Summary

Date 2009-02-28
Target Van Houten Pte
Sector Food
Buyer(s) Hershey
Sellers(s) Barry Callebaut
Deal Type Divestiture

Target

Van Houten Pte

Singapore, Singapore
Van Houten Singapore develops and markets popular consumer chocolate products throughout Asia. The Company was formed in 1990 and is based in Singapore.

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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 6 of 18
Sector: Food M&A 6 of 18
Type: Divestiture M&A Deals 1 of 3
Country: Singapore M&A 1 of 1
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-19 Dagoba Organic Chocolate

Ashland, Oregon, United States

Dagoba Organic Chocolate LLC is a producer of high-quality natural and organic chocolate bars, hot chocolate and chocolate-covered coffee beans sold in natural foods outlets and gourmet stores. Dagoba was formed in 2001 and is based in Ashland, Oregon.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Barry Callebaut

Zurich, Switzerland

Category Company
Founded 1996
Sector Food
Employees13,418
Revenue 10.4B CHF (2024)
DESCRIPTION

Barry Callebaut is a manufacturer of high-quality chocolate and cocoa products – from the origination and processing of cocoa beans to producing the finest chocolates, including chocolate fillings, decorations, and compounds. The Group serves the entire food industry, from industrial food manufacturers to artisanal and professional users of chocolate, such as chocolatiers, pastry chefs, bakers, hotels, restaurants or caterers. The two global brands catering to the specific needs of these Gourmet customers are Callebaut and Cacao Barry. Barry Callebaut was founded in 1996 and is based in Zurich, Switzerland.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Singapore M&A 1 of 1
Year: 2009 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-08 American Almond Products - Brands Recipes and Manufacturing Equipment Assets

United States

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