Hershey to Acquire 80% Stake in Shanghai Golden Monkey Food Company; Terms Not Disclosed

The Hershey Company

, the largest producer of quality chocolate in North America and a global leader in chocolate, sweets and refreshments, announced that its wholly-owned subsidiary, Hershey Netherlands B.V., has signed an agreement to acquire 80 percent of the iconic Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China. Completion of the agreement is expected to occur in the second quarter of 2014 and is subject to China regulatory and SGM shareholder approval.