Sector News

Hershey finalizes One Brands acquisition

September 23, 2019
Consumer Packaged Goods

The Hershey Co. has completed the acquisition of One Brands, L.L.C., a maker of low-sugar, high-protein nutrition bars, for $397 million, or approximately $325 million net of tax benefits. The company expects the transaction to be slightly accretive to earnings the first full year after closing.

“One Brands is a great addition to Hershey’s growing portfolio of better-for-you snacking brands, and we are excited about getting to work with this talented team,” said Mary Beth West, chief growth officer for the Hershey Co. “As the nutrition bar category continues to grow, One offers a compelling brand proposition with great-tasting, unique flavors, low sugar and high protein.”

Founded in 1999, One Brands, Charlotte, N.C., features a portfolio of nutrition bars that contain 20 grams of protein and contain 1 gram of sugar per bar. The bars are certified gluten-free and come in flavors such as pumpkin pie, cinnamon roll, chocolate chip cookie dough and white chocolate truffle. One Brands also markets a line of bars sweetened with stevia called One Basix.

At Natural Products Expo East, held Sept. 12-14 in Baltimore, the company unveiled One Plant, a range of plant-based bars with 12 grams of protein and 1 gram of sugar. Varieties include chocolate peanut butter and banana nut bread.

By Monica Watrous

Source: Food Business News

comments closed

Related News

April 14, 2024

McCain Foods completes acquisition of Strong Roots

Consumer Packaged Goods

McCain Foods has completed the acquisition of Irish plant-based frozen food manufacturer Strong Roots. The acquisition follows McCain and Strong Roots’ strategic partnership, which began in 2021 and resulted from a $55 million investment.

April 14, 2024

Cargill’s alternative cocoa collaboration gets off the ground as cocoa prices continue to climb

Consumer Packaged Goods

Cargill partners with Voyage Foods to scale up alternatives to cocoa-based products to meet consumers’ indulgence needs. The commercial partnership will also provide food manufacturers with nut spreads produced with no nut or dairy allergens used in the recipe formulation.

April 14, 2024

L’Occitane stock still halted as owner reportedly tries again to privatize beauty company

Consumer Packaged Goods

L’Occitane International owner Reinold Geiger is reportedly close to taking the company private in a deal with Blackstone. The French skin care company’s filing halted trading of its Hong Kong-listed shares this week. This is the second time in months that the Australian billionaire has attempted a buyout.

How can we help you?

We're easy to reach