The Hershey Company (Hershey), incorporated on October 24, 1927, is a provider in chocolate and sugar confectionery. The Company’s principal confectionery offerings include chocolate and sugar confectionery products; pantry items, such as baking ingredients, toppings and beverages; snack items, such as spreads, and gum and mint refreshment products. It markets, sells and distributes its products under more than 80 brand names in approximately 70 countries across the world. The Company operates through two segments: North America and International and Other. The Company focuses on three strategic business units: Chocolate, Sweets and Refreshments and Snacks and Adjacencies.
Some of the Company’s manufacturing facilities are located in Hershey and Lancaster, Pennsylvania; Monterrey, Mexico; and Stuarts Draft, Virginia. The United States, Canada and Mexico facilities primarily support its North America segment, while the China and Malaysia facilities primarily serve its International and Other segment. The Company’s customers are mainly wholesale distributors, chain grocery stores, mass merchandisers, chain drug stores, vending companies, wholesale clubs, convenience stores, dollar stores, concessionaires and department stores. Except for wholesale distributors, the Company’s other customers resell its products to end-consumers in retail outlets in North America and other locations worldwide. McLane Company, Inc. is the primary distributor of the Company’s products to Wal-Mart Stores, Inc.
The North America segment is responsible for its chocolate and sugar confectionery business in the United States and Canada. This includes developing and growing its business in chocolate, sugar confectionery, refreshment, snack, pantry and food service product lines. Within its North America markets, the Company’s product portfolio includes a variety of chocolate offerings marketed and sold under the brands of Hershey’s, Reese’s and Kisses, along with other chocolate and sugar confectionery brands, such as Jolly Rancher, Almond Joy, Brookside, Good & Plenty, Heath, Kit Kat, Lancaster, Payday, Rolo, Twizzlers, Whoppers and York. The Company also offers premium chocolate products, primarily in the United States, through the Scharffen Berger and Dagoba brands. The Company’s refreshment products include Ice Breakers mints and chewing gum, Breathsavers mints, and Bubble Yum bubble gum. Its pantry and snack items that are principally sold in North America include baking products and toppings and sundae syrups sold under the Hershey’s, Reese’s and Heath brands, as well as a family of Hershey’s and Reese’s chocolate spreads.
International and Other
The International and Other segment includes all other countries where the Company manufactures, imports, markets, sells or distributes chocolate, sugar confectionery and other products. This includes operations in Asia, Latin America, Europe, Africa and the Middle East, along with exports to these regions. This segment also includes its global retail operations, including Hershey’s Chocolate World stores in Hershey, Pennsylvania, New York City, Chicago, Las Vegas, Shanghai, Niagara Falls (Ontario), Dubai and Singapore, as well as operations associated with licensing the use of certain trademarks and products to third parties around the world. Within its International and Other markets, the Company manufactures, markets and sells a range of brands. It also markets regionally brands, such as Golden Monkey confectionery and snack products in China, Pelon Pelo Rico confectionery products in Mexico, IO-IO snack products in Brazil, and Nutrine and Maha Lacto confectionery products and Jumpin and Sofit beverage products in India.