Has the Hershey company been involved in any mergers or acquisitions?

Question

gahh..im doing a project and i can't find it. please help.

Answer 1

Yes, in 1963, they announced a merger with Reese Company. They were also the originators of Luden cough drops (1988) and sold that portion of the business in 2001. In 1988, the received the rights to sell Cadbury candies. In 2005, the acquired Scharffen Berger and Joseph Schmidt Confections. In 2006, the acquired Dogaba Organic Chocolate.

In 2002, there were rumors about Hershay's selling out to William Wrigley Jr Company, but some legal people stepped in and pressured the sell not to go through and 10 of the 17 trustees resigned. The sale did not go through.