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The Info List - The Hershey Company



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THE HERSHEY COMPANY, known until April 2005 as the HERSHEY FOODS CORPORATION and commonly called HERSHEY\'S, is one of the largest chocolate manufacturers in North America
North America
. Its headquarters are in Hershey, Pennsylvania
Pennsylvania
, which is also home to Hershey\'s Chocolate World . It was founded by Milton S. Hershey in 1894 as the HERSHEY CHOCOLATE COMPANY, a subsidiary of his Lancaster Caramel Company . Hershey's products are sold in over 60 countries worldwide. In addition, Hershey is a member of the World Cocoa Foundation . It is also associated with the Hersheypark Stadium
Hersheypark Stadium
and the Giant Center
Giant Center
.

CONTENTS

* 1 History

* 1.1 Early years * 1.2 Hershey, Pennsylvania
Pennsylvania
* 1.3 Hershey\'s Kisses * 1.4 Labor troubles * 1.5 M"> The Hershey\'s Chocolate
Chocolate
World store in Times Square
Times Square
, New York City
New York City
(2008) Hershey's Syrup, circa 1950s Hershey Store located in the Falls Avenue Entertainment Complex in Niagara Falls, Canada

EARLY YEARS

After an apprenticeship to a confectioner in 1873, Milton S. Hershey founded a candy shop in Philadelphia
Philadelphia
. This candy shop was only open for six years, after which Hershey apprenticed with another confectioner in Denver, where he learned to make caramel . After another failed business attempt in New York, Hershey returned to Pennsylvania, where in 1886 he founded the Lancaster Caramel Company . The use of fresh milk in caramels proved successful, and in 1900, after seeing chocolate-making machines for the first time at the 1893 World\'s Columbian Exposition in Chicago, Hershey sold his caramel company for $1,000,000 (equal to $28,788,000 today), and began to concentrate on chocolate manufacturing, stating to people who questioned him, "Caramels are just a fad, but chocolate is a permanent thing."

In 1896, Milton built a milk-processing plant so he could create and refine a recipe for milk chocolate candies. In 1899, he developed the Hershey process , which is less sensitive to milk quality than traditional methods. In 1900, he began manufacturing Hershey\'s Milk Chocolate
Chocolate
Bars , also called Hershey's Bars or Hershey Bars. Hershey's Cocoa ad from 1918

HERSHEY, PENNSYLVANIA

In 1903, Hershey began construction of a chocolate plant in his hometown of Derry Church, Pennsylvania
Pennsylvania
, which later came to be known as Hershey, Pennsylvania
Pennsylvania
. The town was an inexpensive place for the workers and their families to live. Milton treated the people well and provided leisure activities to make sure the citizens enjoyed themselves. The milk chocolate bars manufactured at this plant proved popular, and the company grew rapidly.

HERSHEY\'S KISSES

In 1907, he introduced a new candy, bite-sized, flat-bottomed, conical-shaped pieces of chocolate that he named "Hershey\'s Kiss ". Initially, they were individually wrapped by hand in squares of aluminum foil, and the introduction of machine wrapping in 1921 simplified the process while adding the small paper ribbon to the top of the package to indicate that it was a genuine Hershey product. Today, 80 million of the candies are produced each day. Other products introduced included Mr. Goodbar (1925), containing peanuts in milk chocolate, Hershey's Syrup (1926), semisweet chocolate chips (1928), and the Krackel bar containing crisped rice (1938).

LABOR TROUBLES

Labor unrest came to Hershey in the late 1930s as a Congress of Industrial Organizations -backed union attempted to organize the factory workers. A failed sit-down strike in 1937 ended in violence, as loyalist workers and local dairy farmers beat many of the strikers as they attempted to leave the plant. By 1940, an affiliate of the American Federation of Labor had successfully organized Hershey's workers under the leadership of John Shearer , who became the first president of Local Chapter Number 464 of the Bakery, Confectionery, Tobacco Workers and Grain Millers\' International Union . Local 464 still represents the Hershey workforce.

M&M\'S

Shortly before World War II
World War II
, Bruce Murrie , son of long-time Hershey's president William F.R. Murrie , struck a deal with Forrest Mars to create a hard sugar-coated chocolate that would be called M Lancaster, Pennsylvania ; Hazleton, Pennsylvania
Pennsylvania
; Memphis, Tennessee ; Robinson, Illinois
Robinson, Illinois
, and Guadalajara , Mexico.

Visitors to Hershey can experience Hershey\'s Chocolate
Chocolate
World visitors center and its simulated tour ride. Public tours were once operated in the Pennsylvania
Pennsylvania
and California factories, which ended in Pennsylvania
Pennsylvania
in 1973 as soon as Hershey's Chocolate
Chocolate
World opened, and later in California following the September 11, 2001, attacks, due to security concerns.

On September 18, 2012, Hershey opened a new and expanded West Hershey plant. The plant was completed at a budget of $300 million.

OTHER SALES AND ACQUISITIONS

In 1969, Hershey received a license from Rowntree\'s to manufacture and market Kit Kat and Rolo
Rolo
in the United States. As of September 2013, Hershey continued to make and market these brands in the U.S. under license from Nestlé , owners of the Rowntree brand. That license would be revoked and revert to Nestlé if Hershey is sold. In 1977, Hershey acquired Y "to sourcing 100% Fair Trade Certified™ cocoa beans by 2012 for at least one of its top five selling chocolate bars … making at least one additional top five selling bar 100% Fair Trade Certified™ every two years thereafter"; and that "the majority of Hershey's cocoa across all products will be Fair Trade Certified™ by 2022." Pressure was particularly directed at Whole Foods Market , which announced on October 3, 2012 that it would cease carrying Hershey's Scharffen Berger line. The Campaign stated that "Whole Foods’ decision follows more than 40 natural food retailers and coops publicly expressing concern about carrying Scharffen Berger and Dagoba products as a consequence of the giant chocolate maker's refusal to address child labor in its supply chain." The same day, Hershey's announced, "it will source 100 percent certified cocoa for its global chocolate product lines by 2020 and accelerate its programs to help eliminate child labor in the cocoa regions of West Africa."

SEE ALSO

* Companies portal

Wikimedia Commons has media related to HERSHEY COMPANY .

* List of products manufactured by The Hershey Company * List of food companies * Pennsylvania
Pennsylvania
chocolate workers\' strike, 1937

REFERENCES

* Brenner, Joël Glenn (2000). The Emperors of Chocolate: Inside the Secret World of Hershey & Mars . Broadway Books. ISBN 0-7679-0457-5 .

* ^ About.com. Retrieved June 30, 2006. * ^ CNBC (December 21, 2016). "Hershey names Michele Buck as new CEO". cnbc.com. Retrieved April 17, 2017. * ^ A B C D E F "2014 Form 10-K, The Hershey Company". United States Securities and Exchange Commission. * ^ Preparedfoods.com. Retrieved June 30, 2006. * ^ Booksense.com. Retrieved June 30, 2006. * ^ "The Hershey Company: NYSE:HSY quotes & news - Google Finance". Google. Retrieved August 8, 2012. * ^ " The Hershey Company
The Hershey Company
Website". * ^ A B C D Reference For Business.com. Retrieved June 30, 2006. * ^ "Murrie, William F.R.; 1873–1950", hersheyarchives.com. Cf section "The Story of M & Ms" * ^ Porter, Jill (December 5, 2006). "Hershey\'s int/drug: Kisses, disses". Philadelphia
Philadelphia
City News. * ^ Coffey, Laura (September 19, 2006). "Chocoholics sour on new Hershey\'s formula". MSNBC
MSNBC
. Retrieved June 10, 2006. * ^ Jeff Ruppenthal (April 7, 2014). "Former Hershey Chocolate Plant Being Demolished". LancasterOnline. Retrieved May 11, 2017. * ^ A B Whitten, Sarah (August 30, 2016). "Hershey stock plummets 10% after Mondelez merger crumbles". cnbc.com. Retrieved April 17, 2017. * ^ Reese, Andrew (2008). REESE'S Peanut Butter Cups: The Untold Story. iUniverse . ISBN 978-0-595-48707-3 . * ^ Rooney, Ben (January 23, 2015). "Hershey Lawsuit Angers Fans of British Chocolate
Chocolate
in U.S.". CNN Money. * ^ Baker, Andrew (January 26, 2015). "Why is Hershey\'s Afraid of British Chocolate?". The Telegraph. * ^ Columbia Business School. "Hershey Buys Jon Sebastiani\'s Krave Jerky". Ideas & Insights. * ^ Beltran, Luisa (2015-02-04). "ACG to make more than 6x its money with Krave Jerky sale - PE Hub". PE Hub. Retrieved 2017-02-23. * ^ Hershey\'s.com. Retrieved March 10, 2008. Archived September 14, 2008, at the Wayback Machine . * ^ "Smiths Falls will fight to keep Hershey plant open, mayor vows". Canadian Broadcasting Corporation. February 16, 2007. Retrieved September 26, 2012. * ^ "Hershey confirms Smiths Falls plant will close". Canadian Broadcasting Corporation. February 22, 2007. Retrieved September 26, 2012. * ^ "Hershey\'s To Close Oakdale Plant". KCRA 3 (NBC). Hearst Television, Inc. April 30, 2007. Retrieved July 20, 2011. * ^ A B Salerno, Christina (May 1, 2007). "Hershey Closing". The Modesto Bee. McClatchy Corp. Archived from the original on May 2, 2007. Retrieved July 20, 2011. * ^ Salerno, Christina (February 2, 2008). "Employees get teary eyed as the last Reese\'s roll off Hershey line". The Modesto Bee. McClatchy Corp. Retrieved July 20, 2011. * ^ "Hershey Community Archives". Hersheyarchives.org. July 20, 2011. Retrieved July 20, 2011. * ^ "Hershey unveils expanded West plant". Lebanon Daily News. September 18, 2012. Retrieved September 26, 2012. * ^ Hersheys.com. Retrieved September 29, 2006. * ^ "Luden\'s Home Page". Ludens.com. Retrieved September 26, 2012.

* ^ "10 Board Members to Leave Hershey\'s Charitable Trust". The New York Times. November 15, 2002. Retrieved July 4, 2013. first1= missing last1= in Authors list (help ) * ^ Standard and Poor's 500 Guide. The McGraw-Hill Companies, Inc. 2007. ISBN 0-07-147906-6 . * ^ Sfgate.com. Retrieved June 30, 2006. * ^ Business Wire (December 8, 2011). "Hershey Reaches an Agreement to Acquire Brookside Foods Ltd.". Business Wire. Retrieved August 8, 2012. * ^ "Hershey to Buy Krave, a Maker of Jerky". The New York Times. January 30, 2015. * ^ "Hershey Acquires barkTHINS Snacking Chocolate
Chocolate
Business Wire". www.businesswire.com. Retrieved 2016-07-14. * ^ Feldman, Amy (2017-02-21). "Brand Boys: How An Upstart Private-Equity Firm Makes 40% A Year On Gourmet Jerky And Vegan Makeup". Forbes. Retrieved 2017-02-23. * ^ "Tricks and Treats (Special)". fool.com. October 26, 1999. Retrieved September 26, 2012. * ^ The Supply Chain & Logistics Institute # Chris Malon, Hershey Foods. Retrieved July 3, 2006. * ^ "Hershey products pulled off Canadian shelves". Canadian Broadcasting Corporation. November 13, 2006. Retrieved September 26, 2012. * ^ "Soy not confirmed as salmonella source in Hershey recall". Canadian Broadcasting Corporation. November 17, 2006. Retrieved September 26, 2012. * ^ Health Canada Advisory. Retrieved November 13, 2006. * ^ " Elizabethtown College -Honors Program". * ^ "Hershey Announces Clinton Global Initiative Commitment to Build a Sustainable Supply Chain to Support Basic Nutrition for Children in Ghana". The Hershey Company. * ^ "Hershey Dominates US Market, but Lags Behind Competitors in Avoiding Forced Labor, Trafficking and Child Labor International Labor Rights Forum". Laborrights.org. September 13, 2010. Retrieved August 8, 2012. * ^ Nerenberg, Jenara (October 5, 2010). "Hershey Gets a Not-So-Sweet Kiss for Fair Trade Month". Fast Company. Retrieved August 8, 2012. * ^ A B "Whole Foods Drops Hershey\'s Scharffen Berger Chocolates Over Child Labor Issues". Green America. October 3, 2012. Retrieved February 8, 2013. * ^ "Hershey to Source 100% Certified Cocoa by 2020". The Hershey company. October 3, 2012. Retrieved February 8, 2013.

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