Houlihan Lokey Advises The Hershey Company

Houlihan Lokey is pleased to announce that The Hershey Company (Hershey) has acquired manufacturing facilities from Weaver Popcorn Manufacturing, Inc. (Weaver). The transaction closed on July 16, 2023.

Weaver is a recognized leader in popcorn production and co-packing and is a co-manufacturer of Hershey's SkinnyPop brand. Through the transaction, Hershey will acquire Weaver's operations in Bethlehem, Pennsylvania, and Whitestown, Indiana.

The acquisition is designed to enable Hershey to sustain strong growth for its SkinnyPop brand by strengthening internal supply-chain capabilities in combination with its network of strategic suppliers and co-manufacturers.

Houlihan Lokey served as the exclusive financial advisor to Hershey with respect to the transaction.

RELATED: Food & Beverage, Mergers & Acquisitions