The Hershey Company is acquiring confectionery brand Lily's to add to its better-for-you (BFY) portfolio.
Hershey's will finance the acquisition with cash on hand and short-term borrowings.
Chuck Raup, President US The Hershey Company, described the acquisition as a great strategic complement to their existing offerings, adding that they are focused on developing a BFY confection portfolio.
BFY snacking is growing faster than mainstream segments across snacking categories. However, BFY offerings under-developed in confection, and Lily's acquisition would enable Hershey to accelerate this growth.
Lily's produces low-sugar products such as dark and milk chocolate bars, baking chips, and peanut butter cups.
The Boulder, Colorado-based Lily's was launched nationally in 2012 in the Whole Foods Market.


US Eyes Refinery Boost as Trump Seeks Relief From High Gas Prices
REPAY Stock Rises After Visa Platform Connect Collaboration
Alibaba Sells Lingxi Games for Over $1.5 Billion Amid AI Push
BofA Sees Micron EPS Topping $230 by 2030, Backs Major Stock Upside
Nvidia’s $500 Billion AI Infrastructure Push Wins Morgan Stanley Support
Google to Buy Spirit Airlines Business Data for $10 Million to Train AI
Trump Says Iran Talks Halted as Strait of Hormuz Dispute Fuels Oil Concerns
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears
Nordson Stock Rises as Q3 Earnings Beat Estimates, Outlook Raised
Google to Move All Pixel Production Out of China by 2027
Lockheed Martin Secures $153.5 Million in U.S. Defense Contracts
Australian Consumer Sentiment Jumps 6% in August as Rate Outlook Improves
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts
SEC Sues Former Tricolor Executives Over $1.9 Billion Investor Fraud Scheme
Switzerland Industrial Production Jumps 5.5% in Q2 2026
Alphabet Shifts AI Strategy Toward Commercial Growth, Goldman Sachs Says
Gold Tops $4,500 as Dollar Slides After Treasury Bond Move 



