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Harry Burnett Reese (May 24, 1879 – May 16, 1956) was an American inventor and businessman known for creating Reese's Peanut Butter Cups, [1] and founding the H. B. Reese Candy Company. [2] In 2009, he was posthumously inducted into the Candy Hall of Fame .
Reese died in 1956, passing the company to his six sons, Robert, John, Ed, Ralph, Harry, and Charles Richard Reese. [10] On July 2, 1963, the Reese brothers merged the H. B. Reese Candy Company with the Hershey Chocolate Corporation in a tax-free stock-for-stock merger. In 1969, Reese's Peanut Butter Cups became the Hershey Company's top seller ...
The H.B. Reese Candy Co. merged with Hershey in 1963 and operates as a subsidiary. What's Next: The new product, which will be available in retail channels this month, is the latest effort by ...
On July 2, 1963, the H. B. Reese Candy Company merged with the Hershey Chocolate Corporation in a tax-free stock-for-stock merger. [15] In 1969, only six years after the Reese/Hershey merger, Reese's Peanut Butter Cups became the Hershey Company's top seller. [16] As of September 20, 2012, Reese's was the best-selling candy brand in the United ...
The Reese's Peanut Butter Cup is considered the "finest creation" of Harry Burnett "H. B." Reese, a former employee of Hershey's, who set up his own candy-manufacturing business in the 1920s. [6] Ironically, peanut butter cups were not Reese's favorite candy. [3]
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On July 2, 1963, the H. B. Reese Candy Company merged with the Hershey Chocolate Corporation in a tax free stock-for-stock merger. In 2024 after 61 years of stock splits, [ 4 ] the original 666,316 shares of Hershey common stock received by the Reese brothers represent 16 million Hershey shares valued at over $4.4 billion that pay annual cash ...
A yellow Reese's Piece cut in half, showing the peanut butter inside. In the 1970s, the candies were produced by The Hershey Company using panning machines that had been used to make Hershey-ets, a chocolate-filled candy that had been discontinued. The candy was first called "PBs" and was later rechristened as Reese's Pieces. [18]
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