M&A Deal Summary

The Hershey Acquires Dot s Pretzels

On November 10, 2021, The Hershey acquired food company Dot s Pretzels

Acquisition Highlights
  • This is The Hershey’s 16th transaction in the Food sector.
  • This is The Hershey’s 12th transaction in the United States.
  • This is The Hershey’s 1st transaction in North Dakota.

M&A Deal Summary
Date 2021-11-10
Target Dot s Pretzels
Sector Food
Buyer(s) The Hershey
Deal Type Add-on Acquisition

Target

Dot s Pretzels

Velva, North Dakota, United States
Dot's Pretzels is the owner of Dot's Homestyle Pretzels, the fastest-growing scale brand in the pretzel category. Dot's Pretzels was founded in 2012 and is based in Velva, North Dakota.

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Buyer(S) 1

Buyer

The Hershey

Hershey, Pennsylvania, United States
Category Company
Founded 1894
Sector Food
Employees18,650
Revenue 11.2B USD (2023)
DESCRIPTION

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.

DEAL STATS #
Overall 16 of 17
Sector (Food) 16 of 17
Type (Add-on Acquisition) 13 of 14
State (North Dakota) 1 of 1
Country (United States) 12 of 13
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Pretzels

Bluffton, Indiana, United States

Pretzels bake great-tasting, premium snacks with unique recipes. Pretzel's breadth of products is constantly growing to help customers in grocery, mass, natural, and club channels create one-of-a-kind offerings. Pretzels is a co-manufacturer of pretzels for Dot's Pretzels and several other customers and is a leading innovator in the pretzel category. Pretzels was founded in 1978 and is based in Bluffton, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-08 Sour Strips

Stafford, Texas, United States

Sour Strips is a brand of sour candy that specializes in delivering an intense, bold, and flavorful experience for sour candy enthusiasts. Sour Strips was founded in 2019 and is based in Stafford, Texas.

Buy -
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