Sector News

Hershey acquires iconic Canadian candy maker Allan Candy Co.

December 5, 2014
Consumer Packaged Goods
The Hershey Co. has acquired The Allan Candy Co. a leading North American manufacturer of quality confectionery products based in Ontario, Canada.
 
The company is well known across Canada for its iconic confectionery brands, including Allan, Big Foot, Hot Lips and Laces. The candy maker also is a leader in the Canadian Easter novelty chocolate segment and the Canadian candy cane category.
 
Also, more than half of Allan Candy’s current manufacturing capacity already is used to make Hershey Sweets & Refreshment products such as Jolly Rancher hard candies and Lancaster caramels for North America.
 
“The addition of Allan Candy’s high-quality manufacturing capabilities and confectionery portfolio greatly enhances our North American business,” says Steven Schiller, senior v.p., global sweets & refreshment. “Allan has been a long-standing sweets manufacturing partner that will strengthen our sales and profit performance.”
 
The acquisition of Allan Candy builds on The Hershey Co.’s long-standing business in Canada and its commitment to the Canadian market.
 
In 2011, The Hershey Co. acquired British Columbia-based Brookside, which today is its sixth global brand alongside Hershey’s, Kisses, Reese’s, Jolly Rancher andIce Breakers.
 
With the purchase of Allan, Hershey now operates three confectionery manufacturing facilities in Canada, including Allan Candy’s 170,000-sq.-ft. facility in Granby, Canada, which is part of the acquisition.
 
Hershey’s operations in Canada now total approximately 900 employees across the country who work in the company’s second largest sales market in the world.
 
“The acquisition of Allan Candy extends Hershey’s ability to serve consumers across Canada by adding a number of iconic Canadian confectionery brands to our portfolio,” explains Rohit Grover, v.p. Hershey Canada. “We are delighted to welcome Allan Candy to Hershey and continue working with them to make great-tasting, high-quality products for The Hershey Co. as well as their popular branded products.”
 
Hershey previously announced during its third-quarter conference call and in its 10-Q filed on Sept. 28, 2014, that it had signed a purchase agreement with Allan.
 
The acquisition will not affect Hershey’s previously announced adjusted earnings per share-diluted outlook for 2014 provided on Oct. 29, 2014.
 
By Crystal Lindell
 

comments closed

Related News

July 21, 2024

Danone taps R&D leader Carla Hilhorst to drive research and innovation strategy

Consumer Packaged Goods

Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.

July 21, 2024

Pernod Ricard to sell international wines portfolio to Accolade Wines owner

Consumer Packaged Goods

The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.

July 21, 2024

Aryzta appoints former employee Michael Schai as new CEO

Consumer Packaged Goods

Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.

How can we help you?

We're easy to reach