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
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