Vending

Hershey to acquire confectioner, Lily’s

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May 18, 2021

The Hershey Co. has agreed to acquire Lily's, a health-oriented confectionery brand that includes dark and milk chocolate-style bars, baking chips, peanut butter cups and other confection products, a news release said. Details of the transaction were not disclosed.

The acquisition will be financed with cash on hand as well as short-term borrowings and is subject to regulatory approval, with an expected closure in the next few months.