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.


T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift
Kevin Warsh Advances Toward Fed Chair Role Amid Political Tensions
Asian Stocks Mixed as BOJ Holds Rates, Oil Prices and Fed Outlook Weigh on Markets
BOJ Governor Kazuo Ueda Hints at Rate Hike as Inflation Pressures Build
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals
U.S. and EU Strengthen Critical Minerals Partnership to Reduce China Dependence
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
Asian Markets Mixed as Fed Decision, Iran Tensions, and Inflation Data Weigh on Sentiment
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand
Dollar Strengthens as US-Iran Tensions and Central Bank Decisions Drive Currency Markets
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
OpenAI Faces Revenue Pressure and User Growth Challenges Ahead of IPO
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push
WuXi AppTec Stock Surges on Strong Q1 Earnings and CRDMO Demand Growth
Trump Rejects Iran Proposal as War Tensions Push Oil Prices Higher 



