Hershey stated in a press release that acquiring the LesserEvil brand will broaden the offerings of its snack division. The management team at LesserEvil will stay the same.
Hershey intends to finalize the agreement in late 2025.
The WSJ has earlier reported that LesserEvil has hired investment banks to seek opportunities to sell the company. One of the company’s most recognized products is popcorn made with avocado oil.
In the last year, Hershey’s market capitalization has decreased by 16%.
source: wsj.com
