The Hershey Company (NYSE:HSY) entered into a definitive agreement to acquire LesserEvil LLC for estimated $750 million on April 3, 2025. The valuation is based on industry speculation as reported by The Wall Street Journal. LesserEvil generated a $165 million of revenue in 2024. The transaction remains subject to regulatory approval with anticipated closing later this year.
Jefferies LLC acted as financial advisor for LesserEvil, LLC.
The Hershey Company (NYSE:HSY) completed the acquisition of LesserEvil LLC on November 19, 2025.
The Hershey Company specializes in producing and selling chocolate-based products and candies. The group is involved in producing and selling snacks, beverages, garnishing and cooking products, chewing gum, etc. Net sales break down by family of products as follows:
- chocolate-based products and confectionery (81.4%): Hershey, Reese, Kisses, Jolly Rancher, Almond Joy, Brookside, barkTHINS, Cadbury, Good & Plenty, Heath, Kit Kat®, Payday, Rolo®, Twizzlers, Whoppers, York and other brands;
- snacks (10.1%): SkinnyPop, Pirate's Booty, Dot's Homestyle Pretzels and other brands.
The remaining net sales (8.5%) are from international activities.
At the end of 2024, the group has 13 production sites in the United States (10), Mexico (2) and Malaysia.
The United States accounts for 87.2% of net sales.
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