Dive Brief:
- The Hershey Co. landed The Allan Candy Co., "a leading North American manufacturer of quality confectionery products," according to a news release.
- "Allan has been a long-standing sweets manufacturing partner that will strengthen our sales and profit performance," said Steven Schiller, senior vice president of global sweets and refreshment for Hershey.
- The Hershey Co. now controls three confectionery manufacturers in Canada.
Dive Insight:
This comes on the heels of recent Hershey news regarding the possible removal of high fructose corn syrup from some of its products. According to the release, this new purchase will not alter Hershey's latest economic forecast.