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The Hershey Company (HSY)

- NYSE
  • Fri, Apr. 24, 7:00 AM
    • Apollo Global Management (NYSE:APO) and Dean Matropoulus are looking to sell Hostess after only holding the brand for about two years, according to the New York Post.
    • Sources indicate at least one buyer is willing to pay the $2B price tag.
    • Hostess was sold out of bankruptcy for $410M and now operates under a more cost-efficient structure.
    • Analysts think Hostess could be grown to a billion-dollar brand.
    • Snack rivals includes Mondelez International (NASDAQ:MDLZ), Hershey (NYSE:HSY), Flower Foods (NYSE:FLO), and Grupo Bimbo (OTCPK:GRBMF).
    | 5 Comments
  • Oct. 2, 2013, 3:11 AM
    • Archer Daniels Midland (ADM) is reportedly close to selling its cocoa business to Cargill in a deal that could be worth up to $2B.
    • The divestiture would further strengthen ADM's shift towards the grains industry as it completes its $3B acquisition of GrainCorp. The transaction would also reduce ADM's exposure to the lower profitability that's affecting the cocoa sector.
    • The deal would create a global price-setting giant to rival Zurich-based Barry Callebaut (BYCBF.PK), the world's biggest producer of industrial chocolate products. Cargill and Barry Callebaut would account for over 50% of world capacity.
    • Food producers that could be affected include MDLZ, HSY, RMCF, KRFT, NSRGY.PK.
    • ETF: NIB
    | 1 Comment
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Company Description
The Hershey Co is engaged in the manufacturing, marketing, selling and distributing chocolate and sugar confectionery products, pantry items, such as baking ingredients, toppings and beverages; and gum and mint refreshment products.
Industry: Confectioners
Country: United States