Hershey goes salty, buys Dot's Homestyle Pretzels for $1.2B | www.WDIO.com

Hershey goes salty, buys Dot's Homestyle Pretzels for $1.2B

Hershey goes salty, buys Dot's Homestyle Pretzels for $1.2B Photo: Andy Melton / CC BY-SA 2.0

DEE-ANN DURBIN, AP Business Writer
Created: November 10, 2021 04:40 PM

Hershey is expanding its salty snack portfolio with the purchase of Dot's Homestyle Pretzels.

The Hershey Co. said Wednesday that it will spend $1.2 billion for North Dakota-based Dot's Pretzels as well as Pretzels Inc., an Indiana-based manufacturer of Dot's Pretzels that operates three plants.

The deal is expected to close later this year.

Hershey has been seeing faster growth for salty snacks like Pirate's Booty than its other offerings like candy and gum.

Credits

DEE-ANN DURBIN, AP Business Writer

Copyright 2021 The Associated Press. All rights reserved.

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