Hershey acquires Allan Candy Company
Hershey’s now operates three confectionery facilities in Canada
U.S. companies buying Canadian companies
Hershey, Pa. – The Hershey Company has announced that it has completed the $28-million acquisition of Mississauga, Ont.-based The Allan Candy Company. Hershey originally announced it had signed a purchase agreement with the company in September.
With the acquisition of Allan Candy’s 170,000-sq.-ft. processing facility in Granby, Que., Hershey now operates three confectionery manufacturing plants in Canada, with more than 900 employees across the country.
“The addition of Allan Candy’s high-quality manufacturing capabilities and confectionery portfolio greatly enhances our North American business,” says Steven Schiller, senior vice-president, Global Sweets & Refreshment for Hershey. “Allan has been a long-standing sweets manufacturing partner that will strengthen our sales and profit performance.”
Allen Candy is a leader in the Easter novelty chocolate sector and the candy cane market in Canada. More than half of the company’s current manufacturing capacity currently goes toward the production of Hershey Sweets & Refreshment products, including its Jolly Rancher brand of hard candy.