What Companies Does Hersheys Own?

Hersheys is a household name when it comes to chocolate, but what many people don’t know is that the company owns more than just its signature treats.

Hersheys also has an impressive list of subsidiaries in its portfolio.

The company owns brands such as Reese’s, Kit Kat, Jolly Rancher, and Ice Breakers, to name a few. Hershey’s has been acquiring these brands for years, allowing them to diversify their offerings and reach different audiences.

With so many tasty options under their belt, it’s no wonder Hersheys remains a leader in the candy industry.

In addition to the well-known products, Hersheys also owns a number of smaller brands.

These minor companies and products are often acquired by the company in order to help them gain exposure in new markets or create unique variations on their classic chocolates.

For example, the company recently purchased Ripple Brand Collective which produces Laffy Taffy and Nerds – two beloved candy options that bring a smile to many faces!

The Hershey Company isn’t just a single entity – it is made up of a number of different companies all affiliated with each other in some way.

In this post, we will explore exactly which brands have been acquired by The Hersheys Company over time so that you can gain an interesting insight into where your favorite chocolate comes from.

What Companies Does Hersheys Own?

Here is a list of companies owned by Hershey’s:

1. Subsidiaries

Reese’s: Hersheys is the parent company of Reese’s, a brand that produces delicious peanut butter cups and other confections.

They also own York, which produces peppermint patties, as well as Kit Kat, Twizzlers, Ice Breakers, Brookside dark chocolate-covered fruit clusters, and more.

Ripple Brand Collective: Hersheys recently acquired Ripple Brand Collective, a company that produces Nerds candy and Laffy Taffy.

2. Minor Companies/Products

In addition to the major brands, Hersheys also owns smaller companies and products such as Jolly Rancher Fusions, Take 5 bars, Brookside Chocolates, nbsp, Good Sense, trail mixes, nut clusters, SkinnyPop popcorn, Soapbox natural bar soaps, and more.

3. International Brands

The company has acquired a number of international brands as well. These include Cadbury Chocolate in Great Britain; Mauna Loa Macadamias in Hawaii; and Damak Fine Turkish Delight in Turkey.

4. Licensed Products

Hersheys also owns the rights to many popular licensed products, including a line of Disney-themed chocolates and snacks, as well as Hello Kitty candy.

5. Acquisitions

Hersheys has also acquired many smaller brands over the years in an effort to diversify its portfolio.

These include Ripple Brand Collective (which owns Laffy Taffy and Nerds), Krave Jerky, Barkthins snacking chocolate bars, Pirate Brands’ snacks, Quest Nutrition protein bars, and more.

6. Brands Owned by Hersheys International

In addition to its domestic holdings, Hersheys also owns a number of international brands in countries around the world.

These include Brookside (Canada), Lotte (China and Japan), Nutrine Confectionery (India), and Chocolates Turin (Mexico).

Together, these diverse offerings have helped Hersheys become one of the world’s leading chocolate companies.

When Was Hersheys Founded?

The original Hersheys company was founded by Milton S. Hershey in 1894, and the first chocolate bar was released just two years later.

Since then, Hershey’s has grown to become one of the most recognizable names in the food and beverage industry.

Over time, the company has continued to acquire new brands and expand its reach – making them a powerhouse in both retail and online markets.

Who is the CEO of Hersheys?

The CEO of Hershey’s is Michele Buck, a well-respected leader in the candy industry with a long-standing history of success.

Under her guidance, the company has continued to innovate and produce beloved treats that have become staples of American culture.

Her dedication to quality and originality has earned her the trust of employees and customers alike.

From its famous chocolate bars to its seasonal offerings, Hersheys has become synonymous with sweetness and comfort, and the CEO’s vision has proven to be instrumental in making that possible.

What is the Net Worth of Hersheys?

Hersheys’ net worth as of August 2023 is $47.28 billion.

As one of the biggest names in the chocolate industry, Hershey’s is worth quite a pretty penny.

It’s not just about their financial success – Hersheys has also won over the hearts of chocolate lovers worldwide with their deliciously creamy and perfectly sweet treats.

From the classic Hersheys milk chocolate bar to the tasty Reese’s Peanut Butter Cup, Hersheys has created some of the most beloved candies out there.

So whether you’re a diehard fan or just a casual snacker, it’s clear that Hersheys is a force to be reckoned with both financially and in terms of taste.

Where is the Headquarters of Hersheys?

The headquarters of this iconic brand is located in Hershey, Pennsylvania.

That’s right! The chocolate company’s headquarters are located in the town that was actually founded by their founder, Milton Hershey, in the early 20th century.

Today, the town of Hershey is known as “The Sweetest Place on Earth,” and it is a destination for chocolate lovers from all over the world.

The headquarters of Hersheys, located right in the heart of this town, is the hub of all the delicious chocolate-making that goes on in the company’s facilities.

So, if you ever happen to be driving through central Pennsylvania, don’t forget to stop by Hersheys headquarters and treat yourself to some delectable chocolate!

What is the Annual Revenue of Hersheys?

Hershey recorded an annual revenue for the past 12 months ending June 2023 of $10.858 billion.

Hersheys is one of the most popular chocolate brands in the world, known for its delectable sweets and treats.

Every year, the company rakes in a staggering amount of revenue that speaks to the enormous success of its business.

This impressive financial performance speaks to the unparalleled quality and appeal of Hersheys chocolates – an enduring favorite among chocolate lovers everywhere.

How Many Employees Does Hersheys Have?

As of 2022, Hershey employed over 19,000 individuals across North America with a majority of them working at their headquarters in Hershey, Pennsylvania.

From farmers who grow the cocoa beans to the chocolatiers who craft each bar, each employee plays a crucial role in bringing the Hersheys brand to life.

It’s inspiring to see how many people come together to create such a beloved product that brings joy to so many.

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