Hershey Company to Acquire Godrej Food & Beverage

Hershey Company, chocolate maker at large, announced today that they will be acquiring an Indian food & beverage company.

Hershey is making plans to buy 51% of Godrej Food & Beverages Limited, Chief Executive Richard H. Lenny revealed today.

“India is an important market. This is a partnership between Hershey’s brand and innovation and Godrej’s reach in this country,” Lenny stated.

“Therefore, it’s a powerful partnership.”

The chocolate company will be paying close to $60 million for the majority stake of Godrej.  That’s whole lot of Hershey bars, eh?

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