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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]
Milton S. Hershey, c. 1915 Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American chocolatier, businessman, and philanthropist.. Trained in the confectionery business, Hershey pioneered the manufacture of caramel, using fresh milk.
Milton S. Hershey, creator of The Hershey Company, was a chocolate industrialist and had founded the town of Hershey, Pennsylvania. [8] On November 15, 1909, [9] he and his wife, Catherine Hershey, signed over a 486-acre (1.97 km 2) piece of farmland, forming the Hershey Industrial School. [10]
The Bloomington factory operated until 1900 when it was sold to the Paul F. Beich Company. Shortly after establishing the Western Branch, Hershey set up a third caramel factory in Reading, Pennsylvania. [2] The Lancaster Caramel Company was incorporated on February 8, 1894 and the Hershey Chocolate Company was formally organized as a subsidiary ...
A prior company called Hershey Chocolate Corporation existed in the early 1920s when National City Bank took control of Hershey Chocolate Company.) On October 30, the company became a publicly traded company on the New York Stock Exchange. [9] The Cuban businesses held within the chocolate company were spun out into a wholly privately owned ...
Hershey chocolate bars had their origin in Milton Hershey's first successful confectionery business, Lancaster Caramel Company, which was founded in 1886.After seeing German chocolate manufacturing machinery at the World's Columbian Exposition of 1893 in Chicago, Hershey decided to go into the chocolate making business. [2]
Built in 1908, it was the home of Hershey Chocolate founder Milton S. Hershey (1857-1945) from 1908 until his death. [3] Hershey is credited with introducing the mass production of chocolate to be sold at low prices and operated what became the world's largest chocolate maker. His house was designated a National Historic Landmark in 1983.
The Hershey Story, The Museum on Chocolate Avenue is devoted to the history and legacy of Milton S. Hershey and the chocolate candy confections he invented. It is located at 63 West Chocolate Avenue in downtown Hershey, Pennsylvania, United States, and opened in January 2009. [1] [2]