Hershey declares intent to buy Dot’s Homestyle Pretzels and Pretzels Inc.
Hershey is buying Dot’s Homestyle Pretzels and co-manufacturer Pretzels, Inc. for $1.2 billion. The combined acquisitions make it the second-largest deal in the company's history.
Dot's Pretzels is a perfect complement to Hershey's growing salty snacking portfolio and would create an opportunity to reach new consumers in new occasions, advancing Hershey's snacking powerhouse vision.