Management

Hershey completes acquisition of Dot's Pretzels and Pretzels Inc.

Dec. 16, 2021

Source Hershey Co.

Pretzel Inc.'s state-of-the-art manufacturing facilities in Indiana and Kansas are home to passionate bakers who honor tradition while incorporating the latest technology. The manufacturer employs scientists, processing experts and certified bakers.

The Hershey Co. this week announced the completion of its acquisition of Dot's Pretzels, the owner of Dot's Homestyle Pretzels, and Pretzels Inc., a leading manufacturer of pretzels in the United States. As previously announced, the combined purchase price was $1.2 billion, or approximately $1 billion of investment net of expected future tax benefits.

Hershey said the addition of Dot's Pretzels accelerates its "snacking powerhouse vision by adding to its portfolio the fastest-growing scale U.S. pretzel brand, representing 55% of the pretzel category's growth during the past year."

At the same time, acquiring Pretzels Inc. brings the pretzel manufacturing capability in-house to ensure the continued growth of Dot's and expertise to drive future snacking innovations.

Hershey said it will take a phased approach to integrate the businesses in partnership with Dot's and Pretzels Inc.'s management teams.

Snacks, salted snacks, bars

Hershey says pretzel deals are next step to becoming snacking behemoth: WSJ

Nov. 24, 2021

Hershey Co.’s $1.2 billion acquisition of Dot's Pretzels LLC and Pretzels Inc., a Dot's co-manufacturer, is expected to establish the chocolate company as a larger player in the...

Hershey Co.