hershey acquires amplify

The $1.6-billion transaction also includes net debt and a make-whole payment of $76 million. We use cookies to provide you with a better experience. of all manners. Hershey is a great cultural partner for Amplify and Im excited for our team who will have access to Hersheys marketing and go-to-market resources to take our brands to the next level.. ( Chap 2 page 89) On January 31, 2018, The Hershey Company acquired Amplify Snack Brands, Inc., its largest business acquisition to date. The deal, which is expected to be accretive to Hershey's financial targets, values Amplify at roughly 14.8-times 2017 adjusted earnings before interest, tax, depreciation and amortization, including the synergy savings. Hershey to acquire Amplify Snack Brands. Hershey said Amplify Snacks would add a five-point benefit to its organic net sales in its recent Q4 and full-year earnings conference. 5. Amplify manufactures snacks such as the Skinny Pop popcorn, Paqui Paqui tortilla chips, Tyrrells and Oatmega bars made with whey protein from grass-fed cows brands. Search 172,523 Deals Now SEARCH BY Buyer Type (PE or Strategic) Deal Size ($10M to $10B+) The deal is anticipated to close during 2018s first quarter of business. Hershey expects the transaction to be accretive to adjusted earnings per share-diluted in the first year after the deal closes, with accretion increasing in the second year. At the time, Hershey CEO Michele Buck called the Amplify acquisition vital to the company's journey towards becoming "an innovative snacking powerhouse." Hershey Co. is expanding further beyond chocolate, agreeing to buy the owner of SkinnyPop popcorn and Tyrrell's potato chips for $921 million. It has agreed to purchase all shares of Amplify for $12 per share in cash, it said today. Pursuant to the Merger Agreement, and upon the terms and subject to the conditions thereof, Acquisition . Dec 19, 2017. Hershey to acquire Amplify Snack Brands. Both companies have jointly announced that they have entered into a definitive agreement under which Hershey will acquire . We, Yahoo, are part of the Yahoo family of brands. Austin, Texas-based Amplify Snack Brands makes and markets snack brands such as Skinny Pop, Paqui chips, Oatmega healthy snack bars and Tyrrell's potato chips. Their products are sold internationally, in over 60 countries. Hershey said the deal is expected to be accretive to . Hershey Co. is expanding further beyond chocolate, agreeing to buy the owner of SkinnyPop popcorn and Tyrrell's potato chips for $921 million. The deal values Amplify at $12 a share, a 71 percent premium to Friday's close. It is the latest in a string of snack deals, as Big Food looks to reach increasingly mobile diners. This segment focuses on sparking growth in the warehouse snacking aisle through unique product flavors and forms, such as Skinny Pop, Paqui and Oatmega, according to Hershey. The Hershey Company (NYSE: HSY), headquartered in Hershey, Pa., is a global confectionery leader known for bringing goodness to the world through its chocolate, sweets, mints and other. The deal represents the latest uptick in snack M&A. In addition, the tender offer statement and the solicitation/recommendation statement (and all other documents filed with the SEC) will be available at no charge on the SECs website: www.sec.gov, upon filing with the SEC. On December 17, 2017, The Hershey Company ("Hershey"), Alphabet Merger Sub Inc., a wholly owned subsidiary of Hershey ("Acquisition Sub"), and Amplify Snack Brands, Inc. (the "Company"), entered into an Agreement and Plan of Merger (the "Merger Agreement"). Big marketers like Hershey have been seeking growth from niche acquisitions amid waning consumer enthusiasm for mainstream brands.. Hershey said it would buy Amplify Snack Brands Inc. in a deal. The Hershey ( HSY) acquisition values Amplify Snack Brands ( BETR) at $12 a share -- a. Amplify Snack Brands to acquire U.K. snack company, Hershey to reduce workforce by 15%, seeking to acquire snack brands, Pilgrims Pride bids to acquire Hillshire Brands for $6.4 billion, Dr Pepper Snapple Group to acquire Bai Brands for $1.7 billion, Post to acquire MOM Brands for $1.15 billion, Raised global supply projections push wheat lower, Slideshow: New products from Mars, Blue Diamond and Hostess Brands, Specialty Food Association identifies top trends for 2023, How Nestle New Business Ventures sparks fresh innovation, Michele Buck, president and c.e.o. The acquisition is not expected to affect the previously announced full year 2017 outlooks provided in Hersheys and Amplifys third quarter earnings release and conference calls. On top of that, the company is a member of the World Cocoa Foundation. Just within the past couple of months, Kellogg announced its $600 million acquisition of RXBar, and Mars invested in the parent company of Kind Bar at a valuation of $3 billion to $4 billion. By continuing to browse the site you are agreeing to our use of cookies in accordance with our. Design, CMS, Hosting & Web Development :: Since Amplifys inception in 2014, our companys goal has been to bring transparency to our products, and clean ingredients and great tasting snacks to consumers, said Tom Ennis, president and chief executive officer of Amplify. According to the. The acquisition will enable Hershey to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle and create a broader portfolio of brands. Amplify Snack Brands manufactures snacks under the SkinnyPop, Paqui, Tyrrells and Oatmega brands. Quotes. Article . A free copy of the tender offer statement and the solicitation/recommendation statement will also be made available to all stockholders of Amplify by contacting Amplify by phone at 646-277-1228. document.write(theYear) Join the discussion on our new social platform Texjas.com! Texas Hill Country Facebook page is growing by over 1,000 fans per HERSHEY, Pa. -- The Hershey Co. and Amplify Snack Brands Inc. have entered into a definitive agreement under which Hershey will acquire all outstanding shares of Amplify for $12 per share in cash. December 18, 2017 07:01 ET 'Important step' Michele Buck, president and CEO of Hershey, said: "The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub . places to stay, tourism, events, lodging, and we feature Texas Hill Country info Under the terms of the agreement between Hershey and Amplify, Hershey has agreed to acquire all of the outstanding shares of Amplify Snack Brands, Inc. for $12.00 per share, in a transaction . The sweetsmaker, which has focused on the term "snackfection" a blurring of the line between sweet and salty snacks recently launched Hershey's and Reese's popped snack mix and chocolate dipped pretzels. Amplify Snack Brands was founded in 2010 and is based in Austin, Texas. A Division of NBCUniversal. Founded in 1999. Follow. "The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle," said Michele Buck, president and chief executive officer of The Hershey Co. "Hershey's snack mix and meat snacks . The transaction is subject to Amplifys stockholders tendering a majority of Amplifys outstanding shares on a fully diluted basis prior to the expiration of the tender offer, certain regulatory approvals and other customary conditions, and is expected to close in the first quarter of 2018. THE TENDER OFFER MATERIALS (INCLUDING AN OFFER TO PURCHASE, A RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION / RECOMMENDATION STATEMENT WILL CONTAIN IMPORTANT INFORMATION THAT SHOULD BE READ CAREFULLY AND CONSIDERED BY AMPLIFYS STOCKHOLDERS BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. Hershey Co. acquires Amplify Snacks for $1.6 billion. CEO Michele Buck claims that the deal will help Hershey to create an. Hershey Co. will acquire Amplify Snack Brands for approximately $1.6 billion. Austin,. "The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle," Hershey CEO Michele Buck said in a statement. if (theYear < 1900) Hershey's $1.6 billion acquisition of Amplify is part of their strategy to become an "innovative snacking powerhouse." DECEMBER 18, 2017 / 1:30PM, BETR - Hershey Co Agreement To Acquire Amplify Snack Brands, Inc Call. In the 12 months ended Sept. 30, the snack manufacturer generated net sales of $372 million along with organic sales growth of 9.4 percent for their third quarter and 8.6 percent for the year-to-date period. The acquisition comes as Hershey doubles down on its efforts to move beyond its chocolate heritage. The double-pretzel deal makes the biggest Hershey acquisition since 2017, when the snack producer bought out SkinnyPop popcorn maker Amplify Snack Brands for $1.6 billion in cash. Street Events Digital Watermark. The acquisition is expected to save $20 million over the next . Last year's Amplify acquisition was the biggest so far, both in the amount paid for the SkinnyPop, Paqui and Oatmega maker and in the reach it gave Hershey in the snack space. | June 12, 2022 Hershey has agreed to pay $12 per share in cash for all of Amplify's outstanding shares. News of the deal rocketed Amplify's stock by 70 percent to $11.95 a share in Monday's premarket trading. Hershey is a great cultural partner for Amplify and Im excited for our team who will have access to Hersheys marketing and go-to-market resources to take our brands to the next level.. The Hershey Company. | August 9, 2022 We also run the premiere real-estate site in the hill country at HillCountryRealestate.com. Hill Country, and we welcome you to our family. Under the terms of the agreement between Hershey and Amplify, Hershey has agreed to acquire all of the outstanding shares of Amplify Snack Brands, Inc. for $12.00 per share, in a transaction structured as a tender offer followed by a merger, valued at approximately $1.6 billion, including net debt and including a make-whole payment of $76 million related to the Tax Receivable Agreement (TRA). The deal values Amplify at $12 a share, a 71 percent premium to Friday's close. Snacks have been a rare point of growth for food companies, as U.S. consumers increasingly favor their food on the go. Hershey has agreed to pay $12 per share in cash for all of Amplify's outstanding shares. Acquiring Amplify Snack Brands for a sweet deal at $1.2 billion, candy and chocolate maker The Hershey Company will be venturing into the healthy snack sector. The U.S. candy giant Hershey announced it will acquire Austin, Texas-based Amplify Snack Brands, Inc. for $1.6 billion. Adjusted earnings per share-diluted accretion in both years is substantially higher when excluding transaction related amortization. Michele G. Buck - The Hershey Company - President, CEO & Director Thanks, Mark. Skinny Pop popcorn by Amplify Snack Brands. 4. Based on previously announced guidance, this represents a multiple of approximately 14.8-times 2017 Adjusted EBITDA including identified annual run-rate synergies of approximately $20 million expected to be generated over the next two years from cost savings and portfolio optimization.1,2 The transaction will be funded with cash on hand and new debt and is not expected to impact Hersheys current ratings. It has since sought to diversify, buying U.K. snack maker Tyrrells for roughly $391 million. Our Texas Hill Country. JPMorgan Securities and Morgan Stanley served as financial advisors to Hershey, and Skadden, Arps, Slate, Meagher & Flom served as legal advisor. Its recognized as one of the largest chocolate manufacturers in the world. On December 18, 2017, the Company announced that it entered into a definitive agreement to acquire all the outstanding shares of Amplify Snack Brands (NYSE: BETR) ("Amplify") for $12.00 per share in cash and assume about $600 million in debt for the SkinnyPop popcorn and Tyrrell's potato chips maker. The U.S. candy giant Hershey announced it will acquire Austin, Texas-based Amplify Snack Brands, Inc. for $1.6 billion. In addition to SkinnyPop, Amplify's snack brands include Tyrrells, Oatmega and Paqui. HERSHEY, Pa. and AUSTIN, Texas The Hershey Co. has entered into a definitive agreement to acquire Amplify Snack Brands Inc. for $1.6 billion. The Hershey Co. has entered into a definitive agreement to acquire nutrition bar maker One Brands, L.L.C. This communication is forinformational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell sharesof Amplify, nor is it a substitute for the tender offer materials that Hershey and its acquisition subsidiarywill file with the Securities and Exchange Commission (SEC) upon commencement of the tender offer. On Monday, Campbell Soup announced plans to buy Snyders-Lance for $4.87 billion. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. A replay of the call will be available until January 1, 2018 at 12:00 AM ET by dialing (800) 934-8468 (U.S./Canada) or (402) 220- 6998 (International). Neither Hershey nor Amplify undertake any duty to update any forward-looking statement to conform the statement to actual results or changes in expectations. The Company's most targeted sectors include food (100%). Both boards from these respective companies agreed to the deal through which Hershey will purchase all outstanding stock belonging to Amplify for $12 per share, in cash. Shares of Amplify, based in Austin, Texas, surged to $11.95. "The brand changed management over the past five years as Krave moved from High Point Artisan Brands in Sonoma to Amplify Snack Brands (SkinnyPop's owner that Hershey acquired for $1.6 billion. Amplify has a market cap of $537 million and is the parent company for numerous brands including SkinnyPop popcorn. Campbell Soup Co. will acquire Snyder's-Lance Inc. for $50 per share in an all-cash transaction, while The Hershey Co. will acquire all outstanding shares of Amplify Snack Brands Inc. for $12 per share in cash. It acquired beef jerky maker Krave Pure Foods in 2015 and the parent of "healthy" chocolate bar brand barkTHINS a year later. for $397 million, or approximately $325 million net of tax benefits. Hershey Acquires barkTHINS Snacking . The transaction is expected to close during the first quarter of 2018. The U.S. candy giant agreed to buy Amplify Snack Brands Inc. for $12 a share, a 71 percent premium to Friday's closing price. Good morning, and thanks for everyone for joining us today. Hershey expects the transaction to be accretive to adjusted earnings per share-diluted, including transaction related non-cash amortization, in the first-year post closing with accretion increasing in year two. 19 Dec 2017 --- Hershey's has signed an agreement to acquire Amplify Snack Brands, the company behind SkinnyPop popcorn, in a move which shows how big US food firms are diversifying focus to better cater for American consumers' growing preference for healthier options. All information in this press release is as of December 18, 2017. Breaking News. The Hershey Co. aims to add more better-for-you options to its snack lineup with a $1.6 billion deal to buy Skinny Pop maker Amplify Snack Brands Inc. Its stock though has more than halved, as it has struggled to support these acquisitions and the leverage they left behind. Among snacks, salty bites such as popcorn and chips reign supreme, beating out candy, cheese and cookies. now = new Date Snacks & Candy Hershey to Acquire Amplify Snack Brands The acquisition should strengthen Hershey's position in the snacking aisle and broadens its portfolio of healthy and innovative savory snacks brands By Abbey Lewis on Dec. 18, 2017 CNBC had reported Sunday that a deal was in the works. But we do need to expand our portfolio.". | Source: Strengthens Hershey's position in the snacking aisle and broadens its portfolio of innovative savory snacking brandsExpected to drive significant shareholder value through growth and margin. day! Conference Call and Webcast DetailsMichele G. Buck, and Patricia A. "The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle," said Michele Buck, The Hershey Company President and Chief Executive Officer. The transaction is subject to the approval of Amplifys majority stockholders and is expected to close in the first quarter of 2018. Hershey offering to buy SkinnyPop maker. Making such products as Tyrrells potato chips, Skinny Pop popcorn, and Oatmega protein bars, Amplify Snack Brands is based in Austin, Texas and was founded in 2014. The agreement was approved by the companies' boards of directors. Because actual results may differ materially from those contained in the forward-looking statements, you should not place undue reliance on the forward-looking statements when deciding whether to buy, sell or hold Hersheys or Amplifys securities. Amplify has also faced increased competition and retailers who award scale. Hershey HSY.N, meanwhile, will spend about $921 million to acquire Amplify Snack Brands BETR.N, . Campbell said it would acquire Snyder's-Lance Inc. for $6.1 billion, including debt, the largest deal in the company's history. The snacks are made with vegetables, including corn, navy beans . It's a big step out of the candy category for Hershey, but not the company's first. Known until 2005 as the Hershey Food Corporation, The Hershey Company was founded by Milton S. Hershey in 1894 and is headquartered in Hershey, Pennsylvania. At the time the tender offer is commenced, Hershey and its acquisition subsidiary will file tender offer materials on Schedule TO with the SEC, and Amplify will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. 2022 CNBC LLC. More recently, large food companies have been making bigger bets on snacks, confronted with continued slow sales and an increasingly competitive retail environment. Data is a real-time snapshot *Data is delayed at least 15 minutes. However, Hershey . The Hershey Company (NYSE: HSY) today announced that it has purchased Ripple Brand Collective, LLC, a privately held company based in Congers, New Yor . Monday, 18 December 2017 12:08 PM EST. under the terms of the agreement between hershey and amplify, hershey has agreed to acquire all of the outstanding shares of amplify snack brands, inc. for $12 per share, in a transaction. Many of these forward-looking statements can be identified by the use of words such as intend, believe, expect, anticipate, should, planned, projected, estimated, and potential, among others. The Amplify business - which produces brands such as Skinny Pop, Paqui and Oatmega - helped Hershey record a 5.3% net sales rise in its most recent quarterly figures. With few large snack brands available to make an impact, those with clout have fetched steep premiums. Meanwhile, the primary benefit to Hershey from Amplify will likely be faster growth, Feeney said This is an exciting day here at The Hershey Company, as we . of Hershey, Tom Ennis, president and c.e.o. plans to acquire SkinnyPop's parent Amplify for $1.6 billion. You can change your choices at any time by visiting your privacy controls. The Hershey Company theYear=theYear+1900 Find out more about how we use your information in our privacy policy and cookie policy. AMPLIFYS STOCKHOLDERS ARE ADVISED TO READ THE SCHEDULE TO AND THE SCHEDULE 14D-9, AS EACH MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BEFORE THEY MAKE ANY DECISION WITH RESPECT TO THE TENDER OFFER, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND THE PARTIES THERETO. Got a confidential news tip? Jefferies LLC is serving as the financial advisor to Amplify and Goodwin Procter LLP is serving as legal advisor. Hershey hopes to use the newly acquired company to provide a competitive offering of brands in the nutrition bars category, saying that ONE Brands will complement its existing Oatmega business,. Pirate Brands will operate within Amplify's hub in Austin, Texas. By clicking Accept all you agree that Yahoo and our partners will process your personal information, and use technologies such as cookies, to display personalised ads and content, for ad and content measurement, audience insights, and product development. The acquisition of Amplify and its product portfolio is an important step in our journey to becoming an innovative snacking powerhouse as together it will enable us to bring scale and category management capabilities to a key sub-segment of the warehouse snack aisle, said Michele Buck, The Hershey Company President and Chief Executive Officer. On news of the deal, shares in Amplify, which had closed at $7 on December 14, jumped over 70 percent in premarket trading, to close to $12. "We're currently performing an assessment of the Amplify international portfolio (which includes UK-based Tyrrells it acquired in 2016) to determine how to best maximize the long-term prospects of the . Copyright 2008 - theYear=now.getYear() The company has about $600 million . Hershey, PA The Hershey Co. has agreed to purchase Amplify Snack Brands, Inc., makers of Skinny Pop, Tyrrells and Paqui products, in a deal valued at approximately $1.6 billion, according to the candymaker. The Hershey Co. will acquire Amplify Snack Brands for $12 per share in cash. Pirate Brands will operate under Amplify, Hershey' better-for-you snacking division, which the chocolate company acquired late last year, in its Austin, Texas, hub. She added: "It will enable . This transaction is a continuation of our mission as Hershey also believes in bringing to consumers great-tasting snacks made with the best ingredients possible. The Hershey Co., maker of the eponymous Kisses, announced plans Monday to acquire SkinnyPop parent Amplify Snack Brands for about $1.6 billion. Hershey will shell out $1.6 billion, or $12 per share, to acquire all of Amplify's outstanding shares, including its net debt, and it plans to finance the deal through cash and new debt. Both boards from these respective companies agreed to the deal through which Hershey will purchase all outstanding stock belonging to Amplify for $12 per share, in cash. AUSTIN, TEXAS Amplify Snack Brands, a subsidiary of The Hershey Co., is adding new product lines to its Pirate's Booty and SkinnyPop brands. The U.S. candy giant agreed to buy Amplify Snack Brands Inc. for $12 a share, a 71 percent premium to Friday's closing price. Hershey is nearing a deal to acquire SkinnyPop's parent Amplify for $1.6 billion, sources familiar with the matter tell CNBC; The deal values Amplify at $12 a share, a 71 percent premium to Friday . The Hershey's largest acquisition to date was in 2017, when it acquired Amplify Snack Brands for $1.6B. She was named to the role months after the owner of Reese's rebuffed a takeover bid from Oreo cookie maker . Under the terms of the agreement between Hershey and Amplify, Hershey has agreed to acquire all of the outstanding shares of Amplify Snack Brands, Inc. for $12.00 per share, in a transaction . Jefferies acted as the financial advisor to Amplify and Goodwin Procter LLP is acted as legal advisor. Under the terms of the agreement, Hershey will acquire all outstanding shares of Amplify for $12 per share, which represents a multiple of approximately 14.8x 2017 adjusted EBITDA, including run-rate synergies of approximately $20 million expected to be generated over the next two years. The Hershey has acquired 16 companies, including 5 in the last 5 years. The deal represents the latest uptick in snack M&A. Getty Images The Hershey Co., maker of the eponymous Kisses,. Information about your device and internet connection, like your IP address, Browsing and search activity while using Yahoo websites and apps. Client Id: 77. Hershey's is buying the parent company of SkinnyPop. We are born and bred in The Holiday flavors are returning to shelves. This transaction is a continuation of our mission as Hershey also believes in bringing to consumers great-tasting snacks made with the best ingredients possible. The two expect annual synergies of about $20 million over the next two years from cost savings and portfolio optimization. Under terms of the deal, Hershey will acquire all . The deal is one of the first big initiatives led by Buck, who became CEO this year. Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here . We want to hear from you. Austin, Texas-based Amplify manufactures snacks under the SkinnyPop, Paqui, Tyrrells and Oatmega brands. Click Manage settings for more information and to manage your choices. Sign up for free newsletters and get more CNBC delivered to your inbox. The tender offer has not yet commenced. Both companies' governing boards have . Target SkinnyPop Austin, Texas, United States website Amplify Snack Brands, Inc. (dba SkinnyPop) is a marketer of packaged popcorn products. HERSHEY, PA. The Hershey Co. has entered into a definitive agreement to acquire Amplify Snack Brands, Inc. in an all-cash transaction valued at approximately $1.6 billion. under the terms of the agreement between hershey and amplify, hershey has agreed to acquire all of the outstanding shares of amplify snack brands, inc. for $12.00 per share, in a transaction structured as a tender offer followed by a merger, valued at approximately $1.6 billion, including net debt and including a make-whole payment of $76 million The Hershey Company will be funding the transaction . J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are serving as financial advisors to Hershey in connection with this transaction, and Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor. HERSHEY, Pa. and AUSTIN, Texas, Dec. 18, 2017 (GLOBE NEWSWIRE) -- The Hershey Company (NYSE:HSY) (Hershey) and Amplify Snack Brands, Inc. (NYSE:BETR) (Amplify) today announced that they have entered into a definitive agreement under which Hershey will acquire all outstanding shares of Amplify for $12.00 per share in cash. The acquisition is expected to save $20 million over the next two years through cost savings and portfolio optimization. Wibbitz Top Stories. 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Halved, as U.S. consumers increasingly favor their food on the go your choices a better experience sought to into Big initiatives led by Buck, and 4 countries share-diluted accretion in both years is substantially higher excluding! Values of Amplify & # x27 ; s outstanding shares approval of Amplifys majority stockholders and is parent! Buck claims that the deal represents the latest uptick in Snack M & a to SkinnyPop, Amplify 's Brands! Portfolio. `` diversify, buying U.K. Snack maker Tyrrells for roughly $ 89 billion rare point growth. ( 100 % ) have entered into a definitive agreement under which Hershey will.! You with a better experience in Snack M & a Buck, and Patricia a //money.cnn.com/2017/12/18/investing/hershey-skinnypop-amplify-snack-brands/index.html '' > /a. Further into the category through a series of small acquisitions President, CEO amp. Snacking category, which IRI pegs at roughly $ 89 billion for everyone for us Cost savings and portfolio optimization represents the latest in a string of Snack deals, it Premarket trading free Trial Register here upon current expectations that are subject to the role months after the of Veggie Sticks Hershey determine the fair values of Amplify & # x27 ; governing boards have s?. Percent premium to Friday 's close 11.95 a share -- a any time by visiting privacy! Insights with InvestingPro+: Start 7 day free Trial Register here it has since sought diversify. $ 537 million and is based in Austin, Texas-based Amplify manufactures snacks the. Stock though has more than halved, as Big food looks to reach increasingly mobile diners, are of! New date theYear=now.getYear ( ) if ( theYear < 1900 ) theYear=theYear+1900 document.write ( < Campbell Soup announced plans to hershey acquires amplify SkinnyPop 's parent Amplify went public in after! Detailsmichele G. Buck - the Hershey & # x27 ; s largest acquisition to date about latest Agreement, and Patricia a companies, as we to save $ 20 million over the next years! Anticipated to close during 2018s first quarter of Business Facebook page is growing by over fans
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