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

January 16, 2020

Nestlé vows to boost spending on recycled packaging 

Food & Drink

LinkedIn Twitter FacebookNestlé has pledged to spend up to $2bn to increase the use of recycled plastics in its food packaging, making the biggest public financial commitment among consumer goods […]

January 16, 2020

U.S., China sign phase one of trade pact

Food & Drink

LinkedIn Twitter FacebookPresident Donald Trump and Chinese Vice-Premier Liu He on Jan. 15 signed the Economic and Trade Agreement between the United States and the People’s Republic of China (the […]

January 16, 2020

Aryzta North America appoints new CEO and new CCO

Food & Drink

LinkedIn Twitter FacebookAryzta North America has made a number of additions to its senior leadership team, appointing Tyson Yu as its new CEO and naming Jason Heffernan as its new […]