Hershey Reaches an Agreement to Acquire Brookside Foods

The Hershey Company (NYSE: HSY) today announced that it has reached an agreement to purchase Brookside Foods Ltd., a privately held confectionery company based in Abbotsford, British Columbia. Annual net sales of the business are approximately $85 million Canadian dollars.

Hershey expects the acquisition to be slightly accretive in the year subsequent to closing. The acquisition is subject to regulatory approval, customary closing adjustments and Brookside shareholder approval.