The Hershey Company Acquires Dot's Pretzels and Pretzels Inc.
November 10, 2021
The Hershey Company entered into definitive agreements to acquire Dot's Pretzels LLC and Pretzels Inc., expanding its salty-snacking portfolio and pretzel manufacturing capabilities. The combined transaction is valued at approximately $1.2 billion (about $1.0 billion net of expected tax benefits) and is expected to close by the end of 2021, subject to customary regulatory approvals.
- Buyers
- The Hershey Company
- Targets
- Dot's Pretzels LLC, Pretzels Inc.
- Sellers
- Dot's Pretzels LLC, an affiliate of Peak Rock Capital
- Industry
- Food & Beverage
- Location
- North Dakota, United States
- Transaction Type
- Buyout
Explore More
Related Acquisitions
-
J&J Snack Foods Acquires Dippin' Dots for $222M
June 21, 2022
Food & Beverage
J&J Snack Foods Corp. agreed to acquire Dippin' Dots, L.L.C. (including the Doc Popcorn business) for $222 million, a transaction funded with cash and senior debt and expected to close in June 2022. The acquisition expands J&J's frozen novelty portfolio and production/distribution capacity, and closed on June 21, 2022.
-
The Hershey Company Acquires LesserEvil
November 20, 2025
Consumer Products
The Hershey Company has completed its acquisition of LesserEvil, an organic snack brand known for popcorn and puffs made with better-for-you ingredients. The deal expands Hershey's better-for-you and salty snack portfolio while retaining LesserEvil's leadership team and brand positioning.
-
MTY Franchising USA Acquires Wetzel's Pretzels from CenterOak Partners
December 8, 2022
Restaurants & Hospitality
MTY Franchising USA, a wholly owned subsidiary of MTY Food Group Inc., completed the acquisition of Wetzel's Pretzels from CenterOak Partners LLC for $207 million in cash. Headquartered in Pasadena, California, Wetzel's is a leading quick-service pretzel franchisor; CenterOak had acquired the company in 2016 and sold it as part of a successful exit.
-
The Hershey Company Acquires ONE Brands
September 23, 2019
Food & Beverage
The Hershey Company completed its acquisition of ONE Brands, LLC, a maker of low-sugar, high-protein nutrition bars, for $397 million (approximately $325 million net of tax benefits). The purchase expands Hershey's better-for-you snacking portfolio and is expected to be accretive to earnings in the first full year post-close.
-
KIND Healthy Snacks Acquires Creative Snacks Co.
October 15, 2019
Food & Beverage
KIND Healthy Snacks acquired Creative Snacks Co., a family-owned better-for-you snack manufacturer based in North Carolina. The deal expands KIND’s product portfolio with Creative Snacks’ award-winning clusters, trail mixes, granolas and pretzels and gives KIND access to Creative Snacks’ manufacturing capabilities and retail distribution.
-
The Hershey Company Acquires Sour Strips
November 8, 2024
Food & Beverage
The Hershey Company has acquired Sour Strips, the sour candy brand founded by Maxx Chewning in 2019. Chewning will remain with the brand to lead marketing and innovation as Hershey expands its sweets portfolio and reaches new, social-media-savvy consumers.
Track M&A activity that matters to you
Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.