Hershey finishes acquisition of Dot's Pretzels and Pretzels Inc.
The Hershey Company has announced the completion of its acquisition of Dot's Pretzels, the owner of Dot's Homestyle Pretzels, and Pretzels Inc., a manufacturer of pretzels in the United States. The combined purchase price was $1.2 billion, or approximately $1 billion of investment net of expected future tax benefits, as previously announced.
The addition of Dot's Pretzels accelerates Hershey's snacking powerhouse vision by adding the fastest-growing scale U.S. pretzel brand to its portfolio, representing 55 percent of the pretzel category's growth during the past year.