The Hershey Co. knots $1.2 billion pretzel deal
The Hershey Co. on Nov. 10 announced it will pay US$1.2 billion to acquire Dot’s Homestyle Pretzels and its co-manufacturer Pretzels Inc.
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The transaction, expected to close by end of 2021, represents Hershey’s second-largest deal in its 125-year history and allows the company to broaden its snacking portfolio and reach more consumers with a broader mix of salty and sweet offerings.