Hershey Company, chocolate makerÂ 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.Â That’s whole lot of Hershey bars, eh?