On the Record · Hershey

Hershey acquisitions, on the record

The businesses Hershey bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
Weaver Popcorn Manufacturing, Inc. (Weaver) Word for word“The cash consideration paid for Weaver totaled $ 165,818 and consisted of cash on hand and short-term borrowings.” 10-K for 2023	acquisition	—	$ 165,818
Pretzels Inc. (Pretzels) Word for word“The cash consideration paid for Pretzels totaled $ 304,334 and consisted of cash on hand and short-term borrowings.” 10-K for 2023	acquisition	—	$ 304,334
Dot's Pretzels, LLC (Dot's) Word for word“The cash consideration paid for Dot’s totaled $ 891,169 and consisted of cash on hand and short-term borrowings.” 10-K for 2023	acquisition	—	$ 891,169
Lotte Shanghai Foods Co., Ltd. (LSFC) Word for word“In January 2021, we completed the divestiture of Lotte Shanghai Foods Co., Ltd. (“LSFC”), which was previously included within the International segment results in our consolidated financial statements.” 10-K for 2023	divestiture	In January 2021	—
Lily's Sweets, LLC (Lily's) Word for word“In June 2021, we completed the acquisition of Lily’s Sweets, LLC (“Lily’s”), previously a privately held company that sells a line of sugar-free and low-sugar confectionery foods to retailers and distributors in the United States and Canada.” 10-K for 2023	acquisition	In June 2021	—
Sour Strips brand from Actual Candy, LLC Word for word“On November 8, 2024, we completed the acquisition of the Sour Strips brand from Actual Candy, LLC.” 10-K for 2024	acquisition	November 8, 2024	—
LesserEvil, LLC Word for word“As described in Note 2 to the consolidated financial statements, the Company completed the acquisition of LesserEvil, LLC (“LesserEvil”) on November 18, 2025 for consideration of $815.2 million.” 10-K for 2025	acquisition	November 18, 2025	$815.2 million
Weaver Popcorn Manufacturing, Inc. Word for word“The cash consideration paid for Weaver totaled $ 165,818 and consisted of cash on hand and short-term borrowings.” 10-K for 2025	acquisition	—	$ 165,818

As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year ended	Cash paid for acquisitions (net of cash acquired)	Cash received from selling businesses	Goodwill from acquisitions
2016-12-31	$285.4 million	$0	$128.1 million
2017-12-31	$0	$0	—
2018-12-31	$1.34 billion	$167 million	$1.07 billion
2019-12-31	$402.2 million	$0	$178.2 million
2020-12-31	$0	$0	—
2021-12-31	$1.6 billion	—	$643.2 million
2022-12-31	$0	—	—
2023-12-31	$165.8 million	—	$85.2 million
2024-12-31	$75.5 million	—	$20.7 million
2025-12-31	$756.1 million	—	$289.1 million

Deal filings since 2016

2025-10-21 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-24 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2025-02-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-04-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2023-02-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2022-02-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-06-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2020-05-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-10-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2019-07-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-11-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-10-17 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-09-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-05-04 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2018-01-31 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
2018-01-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-12-18 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2017-08-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-09 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
2016-06-17 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement

Read from Hershey’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-17. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.