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The automatic wrapping machines turned out 1,600 candy bars per minute. The company had 35 candy salesmen who called on approximately 7,200 wholesale distributors in the United States along with thousands of other outlets, such as theaters, vending machine operators, super-markets and chain stores. [7]
The Hershey Company was founded by Milton S. Hershey in 1894 as the Hershey Chocolate Company, originally established as a subsidiary of his Lancaster Caramel Company. The Hershey Trust Company owns a minority stake but retains a majority of the voting power within the company. [6] Hershey's chocolate is available in 60 countries. [7]
Hershey produces a variety of products that are chocolate or candy based, and The Hershey Company also produces gum. This list excludes licensed items such as beer, cereal, ice cream and chocolate milk, which are made by brands like Yuengling , General Mills , Breyers , Good Humor , Klondike , and Natrel .
Hershey stock soared on Dec. 9 after news broke that Mondelez had approached the company with a takeover offer. Mondelez tried to buy Hershey in 2016 for $23 billion but was turned down.
Shares of Hershey, which has a market capitalization of about $35 billion, rose as much as 19% to $208.03, while those of Mondelez were down about 4% in morning trading. Mondelez, which is valued ...
Hershey (NYSE: HSY) is in the headlines because Mondelez (NASDAQ: MDLZ) is rumored to have made (another) offer to buy the company. Hershey stock rose sharply on that news, but don't get your ...
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