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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Chicken Recipes Said,
April 5, 2007 @ 2:51 am
All Hersey is doing is continuing to expand. Yay!