The Hershey Company Acquires Sour Strips Candy

Ropes & Gray represented The Hershey Company (NYSE:HSY) in its acquisition of Sour Strips, a fast-growing sour candy brand with a powerful social media presence. The transaction was announced Nov. 8 in a press release. Financial terms were not disclosed.

The Hershey Company is an industry-leading snacks company with more than 20,000 employees in the U.S. The company has more than 90 brand names in approximately 80 countries that drive more than $11.2 billion in annual revenues, including Hershey's, Reese's, Kisses, Kit Kat®, Jolly Rancher, Twizzlers and Ice Breakers, and salty snacks including SkinnyPop, Pirate's Booty and Dot's Homestyle Pretzels.

The team was led by M&A partner Jackie Cohen, private equity partner Neill Jakobe, IP transactions partner Erica Han, M&A partner Stephanie Lapidus, employment partner Jen Cormier, tax partner Aaron Harsh, litigation & enforcement partner Rocky Tsai and counsel Steve Kaye, and M&A associate Daniel Sotsky.