The latest food and beverage industry news and trend analysis

The Hershey Company – headquartered in Hershey, Pennsylvania – is a renowned chocolate and confectionery company known for iconic brands including Hershey’s, Reese’s, Jolly Rancher and Ice Breakers. With approximately 16,500 employees around the world and more than 80 brands, the company generates annual revenues in the region of $7.8 billion from a diversified portfolio. More recently, it has taken steps into the bagged snacks category, paying $1.8 billion for Amplify Snack Brands – the owner of Skinny Pop popcorn – before divesting Amplify’s former Tyrrells potato chip brand to KP Snacks; and $420 million for Pirate Brands, which made the puff snack brand Pirate’s Booty.