Sector News

Hershey finalizes One Brands acquisition

September 23, 2019
Food & Drink

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

Related News

May 8, 2021

European S3FOOD: 14 new projects receive grants to digitally innovate food production

Food & Drink

This month, the second S3FOOD voucher call selected 14 innovative SME-driven projects all across Europe. These projects will receive funding to develop and adopt innovative digital solutions.

May 8, 2021

Kerry’s global taste reports pins nostalgia, exploration and health as key trends

Food & Drink

The Global Taste Trends report maps out the key taste linked to trends across the US and Canada, Mexico, Latin America, Europe and the Asia Pacific Middle East and Africa highlighting how they vary and travel across these regions.

May 8, 2021

Cargill expands gourmet chocolate offerings with Leman Decoration acquisition

Food & Drink

The acquisition significantly broadens Cargill’s offerings in the decorations space, enabling the company’s cocoa and chocolate business to better serve gourmet customers in Europe and worldwide.

Send this to a friend