hershey acquires lily's

4 Hershey's GHG emissions reduction goal for 2030 is based on Scope 1 and Scope 2 (market-based). 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. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. "By joining the Hershey's family of brands, Lily's will become a platform confection brand making better-for-you options easily accessible to all consumers.". The Hershey Company has concluded the acquisition of confectionery brand Lily's in a $425m deal. The Hershey Company has entered into a definitive agreement to acquire Lily's, the high-growth, better-for-you confectionery brand. Daten ber Ihr Gert und Ihre Internetverbindung, wie Ihre IP-Adresse, Browsing- und Suchaktivitten bei der Nutzung von Yahoo Websites und -Apps. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. var axel = Math.random() + ""; Lily's low-sugar products include dark- and milk-chocolate style bars, baking chips, peanut-butter cups and other confection products that fit Hershey's multipronged better-for-you snacking strategy, the acquiring company said. The Hershey Company has entered into a definitive agreement to acquire Lily's, a high-growth, better-for-you (BFY) confectionery brand. Hershey has approximately 17,000 employees around the world who work every day to deliver delicious, quality products. Lily's acquisition is expected to be slightly accretive to earnings in the first full year post closing. 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HERSHEY, Pa., June 25, 2021 /PRNewswire/ --The Hershey Company (NYSE: HSY) today announced the completion of its acquisition of Lily's, the high-growth maker of low-sugar, better-for-you (BFY) confectionery products, for a purchase price of$425 million. For webinar sponsorship information, visit www.bnpevents.com/webinars or email webinars@bnpmedia.com. The company has more than 90 brands around the world that drive more than$8 billionin annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat, Jolly Rancher, Ice Breakers, SkinnyPop, and Pirate's Booty. Founded in 2010, Quinn offers microwave popcorn, pretzels, and pretzel chips. All Rights Reserved BNP Media. Many of these forward-looking statements can be identified by the use of words such as "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would," among others. Please click here to continue without javascript.. Natural Food Flavors and Colorants, 2nd Edition, Lily's Sweets chocolate-covered nuts, peanut butter cups, Lilys Sweets launches line of white chocolate bars. width="1" height="1" frameborder="0" style="display:none">'); This website requires certain cookies to work and uses other cookies to help you have the best experience. Lily's low-sugar products include dark and milk chocolate style bars, baking chips, peanut butter cups and other confectionery products that fit Hershey's multi-pronged, better-for-you snacking strategy. Cision Distribution 888-776-0942 Copyright 2022. On May 18, 2021, The Hershey Co. acquired food company Lily - Confectionery Brand from Lily's Sweets LLC Acquisition Highlights This is The Hershey's 14th transaction in the Food sector. By visiting this website, certain cookies have already been set, which you may delete and block. All information in this press release is as of May 18, 2021. The Hershey Company announced it has entered into a definitive agreement to acquire Lily's, the high-growth, better-for-you confectionery brand. "Lily's is a great addition to Hershey's growing portfolio of better-for-you snacking brands, and we are excited to add this high-growth, leading BFY brand and to get to work with its talented and innovative team," said Chuck Raup, President U.S. "Lily's popular low-sugar products are a great strategic fit with our multi-pronged better-for-you snacking strategy and will perfectly complement our existing iconic Hershey's BFY offerings.". M&A Deal Summary Target Lily - Confectionery Brand Lily's low-sugar products include dark and milk chocolate style bars, baking chips, peanut butter cups and other confection products that fit Hershey's multi-pronged better-for-you snacking strategy. 5 The initial goal was achieved five years ahead of schedule in 2020. This is The Hershey's 1st transaction in Colorado. Many of these forward-looking statements can be identified by the use of words such as "anticipate," "assume," "believe," "continue," "estimate," "expect," "forecast," "future," "intend," "plan," "potential," "predict," "project," "strategy," "target" and similar terms, and future or conditional tense verbs like "could," "may," "might," "should," "will" and "would," among others. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Factors that could cause results to differ materially include, but are not limited to: the ability to timely satisfy the conditions to the closing the transactions contemplated in the definitive agreement; our ability to realize the benefits of the transaction; risks related to the impact of the coronavirus global pandemic ("COVID-19") on our business, suppliers, distributors, consumers, customers, and employees; the scope and duration of the pandemic; government actions and restrictive measures implemented in response to the pandemic, including the distribution of vaccinations and continuation of social distancing guidelines and stay at home orders; disruptions or inefficiencies in our supply chain due to the loss or disruption of essential manufacturing or supply elements or other factors; issues or concerns related to the quality and safety of our products, ingredients or packaging, human and workplace rights, and other environmental, social or governance matters; changes in raw material and other costs, along with the availability of adequate supplies of raw materials; the company's ability to successfully execute business continuity plans to address the COVID-19 pandemic and resulting changes in consumer preferences and the broader economic and operating environment; selling price increases, including volume declines associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; 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 December31, 2020. Hershey Company US president Chuck Raup said: Lilys is a great addition to Hersheys growing portfolio of better-for-you snacking brands, and we are excited to add this high-growth, leading BFY brand and to get to work with its talented and innovative team. Furthermore, Lilys is a strategic complement to Hersheys existing offerings in the growing confection category segment. At the time of signing the agreement, Raup said that the company is focused on developing a BFY confection portfolio that offers different choices to meet the evolving needs of its consumers. In 2012, Cynthia launched four Lily's chocolate style bars nationally in Whole Foods Market. Dies geschieht in Ihren Datenschutzeinstellungen. Hershey Acquires Lily's Confectionery Brand June 25, 2021 The Hershey Company (NYSE: HSY ) today announced the completion of its acquisition of Lily's , the high-growth maker of low-sugar, better-for-you (BFY) confectionery products, for a purchase price of $425 million . Mars Incorporated, Ferrero Group, Mondalez International, Hershey Co., Nestle SA, Yldz Holding, Chocoladenfabriken Lindt & Sprngli AG.See Original Article Hershey Acquires Lily's Confectionery Brand The Hershey Co. has entered into a definitive agreement to acquire Lily's, a high-growth, better-for-you (BFY) confectionery brand. We use cookies to ensure that we give you the best experience on our website. To learn more visitwww.thehersheycompany.com. Durch Klicken auf Alle akzeptieren erklren Sie sich damit einverstanden, dass Yahoo und seine Partner Ihre personenbezogenen Daten verarbeiten und Technologien wie Cookies nutzen, um personalisierte Anzeigen und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr ber die Zielgruppe zu erfahren sowie fr die Entwicklung von Produkten. Submit a Request for Proposal (RFP) to suppliers of your choice with details on what you need with a click of a button. var a = axel * 10000000000000; Lily's mission is to offer consumers a range of great tasting, low sugar treats. Factors that could cause results to differ materially include, but are not limited to: the ability to timely satisfy the conditions to the closing the transactions contemplated in the definitive agreement; our ability to realize the benefits of the transaction; risks related to the impact of the coronavirus global pandemic ("COVID-19") on our business, suppliers, distributors, consumers, customers, and employees; the scope and duration of the pandemic; government actions and restrictive measures implemented in response to the pandemic, including the distribution of vaccinations and continuation of social distancing guidelines and stay at home orders; disruptions or inefficiencies in our supply chain due to the loss or disruption of essential manufacturing or supply elements or other factors; issues or concerns related to the quality and safety of our products, ingredients or packaging, human and workplace rights, and other environmental, social or governance matters; changes in raw material and other costs, along with the availability of adequate supplies of raw materials; the company's ability to successfully execute business continuity plans to address the COVID-19 pandemic and resulting changes in consumer preferences and the broader economic and operating environment; selling price increases, including volume declines associated with pricing elasticity; market demand for our new and existing products; increased marketplace competition; 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 December31, 2020. 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. Lily's acquisition is expected to be slightly accretive to earnings in the first full year post closing. The company has more than 90 brands around the world that drive more than$8 billionin annual revenues, including such iconic brand names as Hershey's, Reese's, Kit Kat, Jolly Rancher, Ice Breakers, SkinnyPop, and Pirate's Booty.

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