The Hershey Company

The Hershey Company, often simply referred to as Hershey, is a prominent American multinational confectionery corporation headquartered in Hershey, Pennsylvania. Founded by Milton S. Hershey in 1894, the company has grown to become one of the largest chocolate manufacturers in the world. Hershey's product offerings extend beyond chocolate bars to include a variety of baked goods, snacks, and beverages. The company is well-known for its iconic brands such as Hershey's Milk Chocolate, Reese's Peanut Butter Cups, and Kisses, which have become staples in the candy industry. Hershey's journey began with the establishment of the Hershey Chocolate Company as a subsidiary of the Lancaster Caramel Company. Milton Hershey's innovative approach to chocolate production led to the development of a unique milk chocolate recipe that would eventually revolutionize the candy market. The company's first factory was built in Derry Church, Pennsylvania, a location that was strategically chosen to provide affordable housing for workers and foster a strong community around the factory. This community-centric approach has remained a hallmark of Hershey's corporate philosophy. In recent years, The Hershey Company has focused on expanding its product range and enhancing its market presence through strategic acquisitions. A notable recent acquisition is that of Sour Strips, a rapidly growing sour candy brand known for its vibrant flavors and strong social media presence. This move is aimed at strengthening Hershey's position in the sour candy segment and attracting younger consumers who are increasingly drawn to unique and bold flavor profiles. Sustainability is another key focus for Hershey as it seeks to integrate environmentally friendly practices into its operations. The company has made commitments to improve its supply chain sustainability and reduce its environmental impact. In its 2023 Environmental, Social, and Governance (ESG) report, Hershey highlighted both progress and challenges in its sustainability efforts, reflecting a commitment to transparency and accountability. However, Hershey has faced challenges as well, including recent class action lawsuits related to high levels of per- and polyfluoroalkyl substances (PFAS) found in some of its product packaging. These lawsuits allege that the presence of these chemicals poses health risks to consumers, prompting scrutiny over the company's packaging materials and their safety. Overall, The Hershey Company continues to adapt to changing consumer preferences while maintaining its legacy as a leader in the confectionery industry. With an emphasis on innovation, sustainability, and community engagement, Hershey aims to create more moments of goodness for consumers around the world.