Hershey completes acquisition of Dot's Pretzels and Pretzels Inc.

The combined purchase price was USD 1.2 bn.

The addition of Dot's Pretzels accelerates Hershey's snacking powerhouse vision by adding to its portfolio the fastest-growing scale U.S. pretzel brand, representing 55% of the pretzel category's growth during the past year. Acquiring Pretzels Inc. also brings the pretzel manufacturing capability in-house to ensure the continued growth of Dot's and expertise to drive future snacking innovations.

As with other recent acquisitions, Hershey will take a phased approach to integrate the businesses in partnership with Dot's and Pretzels Inc.'s leadership teams with the focus on continued growth of both businesses.