US confectionery firm Hershey Foods has announced that it has entered into an agreement to acquire Mauna Loa Macadamia Nut Corporation from The Shansby Group, a private equity investment firm.
Go deeper with GlobalData
Hawaii-based Mauna Loa processes and markets macadamia snacks, with annual sales of approximately US$80m and a 40% market share in macadamia nuts.
“Mauna Loa’s portfolio of premium macadamia nuts, nut-based confections and cookies is a great addition to Hershey’s stable of iconic brands,” said Richard H. Lenny, chairman, president and CEO of Hershey Foods.
The acquisition is expected to be completed during the fourth quarter of 2004 and is subject to the customary closing conditions and regulatory approval. It is projected to be slightly accretive in the first 12 months.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
