About The Hershey CompanyTheHershey Company, headquartered inHershey, Pa., is an industry-leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children succeed. Pirates Booty is a leading cheese puffs brand loved by moms and kids as a better-for-you treat, said Mary Beth West, Chief Growth Officer, The Hershey Company. All rights reserved. PepsiCo (PEP) announced last month that it is buying DIY seltzer maker SodaStream for $3.2 billion. Pure Popped Perfection Skinny Pop Popcorn was founded in 2010 with a simple premise: people deserve snacks that taste delicious AND are good for them. Safe Harbor StatementThis release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In August, the company announced that it is selling off Campbell Fresh, which includes Bolthouse, in order to refocus on its core brands like Pepperidge Farm and Cape Cod chips. The most important aspect of digital transformation for food processors is enhanced asset and line visibility. | Source: (Reuters) - Hershey Co HSY.N said on Wednesday it would buy Pirate Brands from B&G Foods Inc BGS.N for $420 million in an all-cash deal, giving the chocolate maker rights to snack brands. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. The Hershey Company, headquartered in Hershey, Pa., is an industry leading snacks company known for bringing goodness to the world through its iconic brands, remarkable people and enduring commitment to help children in need. Power [] More and more consumers are seeking great-tasting snacks with clean labels and no artificial flavors, colors or preservatives, and Pirates Booty fits this need. With the acquisition, Hershey's aims to enter the cheese puff category. Pirate Brands will operate within Amplify, Hersheys better-for-you snacking hub in Austin, which is focused on driving growth in the warehouse snacking aisle with unique product flavors and forms likeSkinny Pop, PaquiandOatmega. The transaction will be financed with cash on hand as well as short-term borrowings. For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Get news highlights delivered directly to your e-mail inbox. It is expected to close in the fourth quarter of 2018, subject to customary regulatory approvals and other closing conditions. HERSHEY, Pa., Oct. 17, 2018 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE: HSY) today announced that it has finalized the acquisition of Pirate Brands from B&G Foods, Inc., including the Pirate's Booty, Smart Puffsand Original Tingsbrands, for a purchase price of $420 million, or approximately $360 million net of tax benefits. Limiting Antibiotics for Cows Could Create a New Dairy Market. 13 Sep 2018 --- The Hershey Company and B&G Foods, Inc. has entered into a definitive agreement for Hershey to acquire Pirate Brands, including the Pirate's Booty, Smart Puffs and Original Tings brands in a deal that is worth US$420 million. And Campbell Soup (CPB) acquired Bolthouse Farms, which sells smoothies, juices and carrots, in 2012. The move by Hershey's is being viewed as a means to expand the company's portfolio to include healthier snacks. Hershey has entered into an agreement to acquire B&G Foods' Pirate Brands business - which includes the Pirate's Booty, Smart Puffs and Original Tings brands - in a deal worth $420 million. The company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the company's expectations. The deal includes Pirate's Booty, Smart Puffs, and Original Tings brands. 2021 The. The Hershey Co. has finalized the acquisition of Pirate Brands from B&G Foods Inc., including the Pirate's Booty, Smart Puffs and Original Tings brands, for a purchase price of $420. and/or its affiliates. Dot's Pretzels acquired by The Hershey Company Dot's Pretzels The Hershey Company Nov 10, 2021 2. The company has more than 80 brands around the world that drive more than$7.5 billionin annual revenues, including such iconic brand names as Hersheys, Reeses, Kit Kat, Jolly Rancher, Ice Breakers and SkinnyPop. The Pirate Brands purchase price is $420 million, or approximately $360 million net of tax benefits. HERSHEY, Pa. The Hershey Co. entered a definitive agreement with B&G Foods Inc. to acquire Pirate Brands, including the Pirate's Booty, Smart Puffs and Original Tings brands. HERSHEY, Pa., and PARSIPPANY, N.J. -- The Hershey Co. has finalized its acquisition of Pirate Brands, the maker of Pirate's Booty, from holding company B&G Foods Inc. The chocolate maker announced on Wednesday that it has agreed to acquire Pirate Brands, which makes Pirate's Booty, Smart Puffs and Original Tings, in order to expand its healthier snacks portfolio. Stops Material Loss in Its Tracks, The Relentless Pressure on Food Manufacturers to Produce Quickly and Safely, Ukraine Bakery Supplies Bread for the Front Lines, No Food Manufacturing Newsletters Next Week, Beer Institute Announces Leadership Apppointments, Why Maple Leaf Foods Switched to Augmented Reality, Digital Transformation for Food Processors. Mexican Company to Build $200M, 295-Worker Bakery in Georgia. Hershey's announced that it has entered into a definitive agreement to acquire Pirate Brands, which includes Pirate's Booty, Smart Puffs and Original Tings, from its parent company B&G Foods . Hershey founder, Milton Hershey, created the Milton Hershey School in 1909 and since then the company has focused on giving underserved children the skills and support they need to be successful. HERSHEY, Pa., Nov. 4, 2022 /PRNewswire/ The Hershey Company ( NYSE: HSY) today announced net sales and earnings for the third quarter ended October 2, 2022, and raised its full-year financial outlook. US-based food snacks manufacturer The Hershey Company has purchased Pirate Brands from B&G Foods for $420m. Hershey's has acquired Pirate Brands for $420 million, which makes Pirate's Booty, Smart Puffs and Original Tings, CNN reports. Its biggest deal came in 2017 when Hershey added Amplify Snack Brands, parent company of SkinnyPop, for $1.6 billion. A WarnerMedia Company. Most stock quote data provided by BATS. HERSHEY, Pa., and PARSIPPANY, N.J. - The Hershey Co. has agreed to acquire Pirate Brands, the maker of Pirate's Booty, Smart Puffs and Original Tings, from holding company B&G Foods Inc. for $420 million. The company acquired ONE Brands, LLC in September 2019 to solidify its footing in the snacking category. Hershey will purchase Pirate Brands, maker of better-for-you snacks including Pirate's Booty, Smart Puffs and Original Tings from B&G Foods for $420 million, according to a press. The company noted that Pirate's Booty is the fastest-growing brand in the category, with 8% growth year over year. A preliminary investigation said coworkers found him the following morning. Trick or Trash: Candy Makers Grapple with Plastic Waste. The acquisition strengthens Hersheys position as a better-for-you snacking leader. Pirate Brands is a terrific business and we believe that it will thrive under the ownership of The Hershey Company, said Bob Cantwell, President and Chief Executive Officer, B&G Foods. In December 2017, Hershey's acquired Amplify, that manufactures SkinnyPop. The Hershey Company and B&G Foods, Inc. have announced that they have entered into a definitive agreement for Hershey to acquire Pirate Brands, including the Pirate's Booty, Smart Puffs and Original Tings brands. USDA Says More than $200M Will Help Meat Processors Expand. 1990's 1996: Acquisition of LEAF, Inc. At San Francisco Restaurant, Pups Chow on Filet Mignon. Because actual results may differ materially from those contained in the forward-looking statements, you should not place undue reliance on the forward-looking statements when deciding whether to buy, sell or hold the company's securities. HERSHEY, Pa. and PARSIPPANY, N.J., Sept. 12, 2018 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE:HSY) and B&G Foods, Inc. (NYSE:BGS) today announced that they have entered into a definitive agreement for Hershey to acquire Pirate Brands, including the Pirates Booty, Smart Puffs and Original Tings brands. Sep 14, 2018 Hershey Co. is upping its investment in snacks with the purchase of Pirate Brands for $420 million. Because actual results may differ materially from those contained in the forward-looking statements, you should not place undue reliance on the forward-looking statements when deciding whether to buy, sell or hold the company's securities. The Hershey Co. and B&G Foods Inc. announce that they have entered into a definitive agreement for Hershey to acquire Pirate Brands, including the Pirate&rs. The Hershey Company September 13, 2018 by Hernando Ramrez-Santos. Hershey's has reportedly inked a deal with Pirate Brands owner B&G Foods to buy the suite of snacks for $420 million. The Hershey Company, Strengthens Hersheys position as a better-for-you snacking leader and within the $14B warehouse snacking aisle. Moving ahead with expansion in the snacking category, The Hershey Company HSY inked a deal to buy Pirate Brands from B&G Foods, Inc.. Pirate Brands will operate within Amplify, Hershey's better-for-you snacking hub in Austin, Tx., which is focussed on driving growth in the warehouse snacking aisle . Privacy Policy. HSY Hershey Company Hershey to Acquire Pirate Brands From B&G Foods. The company has more than 90 brands around the world that drive more than $8.1 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat , Jolly Rancher, Ice Breakers, SkinnyPop, and Pirate's Booty. Hershey Acquires Pirate Brands . "Third quarter results came in ahead of our expectations, as our increased brand investments and improved supply chain helped support . "Pirate's Booty is a leading . Credit: Antarctic96. Factors that could cause results to differ materially include, but are not limited to: issues or concerns related to the quality and safety of our products, ingredients or packaging; changes in raw material and other costs, along with the availability of adequate supplies of raw materials; selling price increases, including volume declines associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; disruption to our manufacturing operations or supply chain; failure to successfully execute and integrate acquisitions, divestitures and joint ventures; changes in governmental laws and regulations, including taxes; political, economic, and/or financial market conditions; risks and uncertainties related to our international operations; disruptions, failures or security breaches of our information technology infrastructure; our ability to hire, engage and retain a talented global workforce; our ability to realize expected cost savings and operating efficiencies associated with strategic initiatives or restructuring programs; complications with the design or implementation of our new enterprise resource planning system; and such other matters as discussed in our Annual Report on Form 10-K for the year ended December 31, 2017. The company has more than 80 brands around the world that drive more than $7.5 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat, Jolly Rancher, Ice Breakers and SkinnyPop. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Campari Group Buys Majority Stake in Kentucky Bourbon Brand. Hershey's is increasing its bet on healthy food. Pirate Brands manufactures produces snack food products such as puffed rice and corn, cheesy puffs, potato chips, and corn sticks. General Mills (GIS) bought Annie's, which makes organic pasta and snacks, for $820 million in 2014. These statements are made based upon current expectations that are subject to risk and uncertainty. B&G Foods will sell the suite of snacks for $420 million. All information in this press release is as of September 12, 2018. Disclaimer. The company has more than 90 brands around the world that drive more than $8 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat, Jolly Rancher, Ice. The. In a statement, the company announced that Pirate Brands will operate within Amplify, Hershey's better-for-you snacking hub in Austin, Texas. September 12, 2018 18:00 ET 1980's 1988: Re-launch of "5th Avenue" National re-launch of "5th Avenue" candy bar. The Pirate Brands purchase price is $420 million, or approximately $360 million net of tax benefits. Judie Bizzozero | Sep 13, 2018 1. Earlier this year, PepsiCo said it is acquiring Bare Snacks, which makes baked fruit and vegetable snacks. Unmanned Aircraft Gets OK to Spray Bananas at Night. Hershey acquired various Pirate brands including Pirate's Booty, Smart Puffs and Original Tings. But only if farmers can find the right price point. A chemical found in coffee inhibits the interaction between the virus and human cells. Many of these forward-looking statements can be identified by the use of words such as "intend," "believe," "expect," "anticipate," "should," "planned," "projected," "estimated," and "potential," among others. The move is said to strengthen Hershey's position as a better-for-you snacking leader. The Hershey Company Hershey plans to acquire SkinnyPop's parent Amplify for $1.6 billion. Three attorneys general want the payment blocked pending a review of a $20 billion merger proposal. Many of these forward-looking statements can be identified by the use of words such as "intend," "believe," "expect," "anticipate," "should," "planned," "projected," "estimated," and "potential," among others. Stock Analyst Update Hershey Scoops Up Pirate Brands We estimate the acquired mix will contribute just a low-single-digit percentage to sales, and as such, it doesn't stand to alter our fair value . The Pirate Brands purchase price is $420 million, or approximately $360 million net of tax benefits. Pennsylvania-based Hershey has more than 80 brands around the world that drive more than $7.5 billion in annual revenues, including such iconic brand names asHershey's,Reese's,Kit Kat,Jolly Rancher, Ice Breakers and SkinnyPop. It is a market leader for consumers seeking snacks with clean labels and no artificial flavors, colors or preservatives, the company added. The acquisition will expand Hershey's healthier snack portfolio. Powder & Bulk Solids is part of the Informa Markets Division of Informa PLC . "We expect the full Pirate Brands portfolio to be a great fit for Hershey's growing Amplify business which is targeted toward consumers who are looking for great-tasting snacks without compromise," said Mary Beth West, Hershey's chief growth officer, in a statement. All rights reserved. The Hershey Company. HERSHEY, Pa., Oct. 17, 2018 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE: HSY) today announced that it has finalized the acquisition of Pirate Brands from B&G Foods, Inc., including the. Hershey's fourth-quarter sales increase in its salty snack segment was accomplished on the strength of performers such as SkinnyPop popcorn and Pirate's booty cheese puffs. HERSHEY, Pa. The Hershey Co. entered a definitive agreement with B&G Foods Inc. to acquire Pirate Brands, including the Pirates Booty, Smart Puffs and Original Tings brands. The transaction is expected to close in the fourth quarter of 2018, subject to customary regulatory approvals and other closing conditions. Tri-Us, Inc. acquired by The Hershey Company Tri-Us, Inc. The company has more than 80 brands around the world that drive more than $7.5 billion in annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat, Jolly Rancher, Ice Breakersand SkinnyPop. "Pirate Brands is a terrific business and we believe that it will thrive under the ownership of The Hershey Co.,"said Bob Cantwell, president and CEO, B&G Foods. Hershey's is "a branded high gross margin company," she added, and future savory investments need to keep pace. We are thrilled to have the fast-growing Pirates Booty brand as part of the Hershey product portfolio, said Mary Beth West, Chief Growth Officer, The Hershey Company. These statements are made based upon current expectations that are subject to risk and uncertainty. Hershey is set to strengthen its foothold in the snacks space by acquiring the maker of a line of low-sugar and high protein bars, ONE Brands. | Source: Bakery Manufacturing Facility Worker Locked in Freezer Overnight. Statistics Export to CSV Transaction Name Acquiree Name Acquirer Name Announced Date Add Column 1. The company is acquiring ONE Brands, LLC, the maker of a line of low-sugar, high-protein nutrition bars, for $397 million. Coffee Could Offer Protection from COVID-19. The Hershey Company chief growth officer Mary Beth West said: "We are thrilled to have the fast-growing Pirate's . A number of other companies have made hefty investments in the health food trend in an attempt to lure customers with alternatives to sweet or fatty snacks. under which this service is provided to you. We are looking forward to growing the full Pirate Brands portfolio in the years to come.. Pirates Booty is a leading cheese puffs brand loved by moms and kids as a better-for-you treat, said Mary Beth West, Chief Growth Officer, The Hershey Company. By providing your email, you agree to our. SkinnyPop. The Pirate Brands purchase price is $420 million, or approximately $360 million net of tax benefits. Previously, Hershey's purchased Amplify Snack Brands to kick . For more than 120 years, Hershey has been committed to operating fairly, ethically and sustainably. By Stephen Nakrosis The Hershey Company (HSY) said Wednesday it will acquire Pirate Brands from B&G Foods, Inc. (BGS). The Hershey Company Feb 21, 2012 3. The transaction is expected to close in the fourth quarter of 2018, the. In September of 2018, Hershey's purchased the Pirate's Booty line of snacks from B&G Foods for $420 million. Pirate's Booty has been a fast-growing snack brand, offering a healthy cheese-puff snack food that will help Hershey become more competitive in the better-for-you snacks category. Apparently, Hershey's has been acquiring several brands in a bid to provide healthier offerings to consumers. Climate change is impacting production of the prized ingredient. Pirate's Booty: A Vegan-friendly And Kosher Snack Option. for $397 million, or approximately $325 million net of tax benefits. For more than 125 years, Hershey has been committed to operating fairly, ethically and sustainably. Factors that could cause results to differ materially include, but are not limited to: issues or concerns related to the quality and safety of our products, ingredients or packaging; changes in raw material and other costs, along with the availability of adequate supplies of raw materials; selling price increases, including volume declines associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; disruption to our manufacturing operations or supply chain; failure to successfully execute and integrate acquisitions, divestitures and joint ventures; changes in governmental laws and regulations, including taxes; political, economic, and/or financial market conditions; risks and uncertainties related to our international operations; disruptions, failures or security breaches of our information technology infrastructure; our ability to hire, engage and retain a talented global workforce; our ability to realize expected cost savings and operating efficiencies associated with strategic initiatives or restructuring programs; complications with the design or implementation of our new enterprise resource planning system; and such other matters as discussed in our Annual Report on Form 10-K for the year endedDecember 31, 2017. 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