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Encyclopedia > The Hershey Company
The Hershey Company Inc.
Type Public (NYSE: HSY)
Founded 1894-02-09[1]
Headquarters Flag of the United States Hershey, Pennsylvania, USA
Key people Milton S. Hershey, founder;
David West,[2] current CEO
Industry Chocolate and candy manufacturer
Products See list of products manufactured by The Hershey Company
Revenue $4.944 Billion USD (2006)[4]
Net income 305.6 million 271.39 paid in dividend to stockholders USD (2006)
≈7.1% profit margin
Employees 14,352 employees worldwide[3]
Slogan "a palatable confection and a most nourishing food."
Website Hersheys.com

The Hershey Company (NYSE: HSY), until April 2005 Hershey Foods Corporation,[5] commonly called Hershey's, is America's largest chocolate company.[6] Its headquarters is in Hershey, Pennsylvania, a town permeated by the aroma of cocoa on some days,[7] and 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 candies and other products are sold worldwide.[8] Image File history File links Size of this preview: 800 × 309 pixelsFull resolution (1226 × 473 pixel, file size: 270 KB, MIME type: image/png) The Hershey Company logo, from pablind. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... 1894 (MDCCCXCIV) was a common year starting on Monday (see link for calendar). ... is the 40th day of the year in the Gregorian calendar. ... Image File history File links This is a lossless scalable vector image. ... Hershey redirects here. ... Capital Harrisburg Largest city Philadelphia Area  Ranked 33rd  - Total 46,055 sq mi (119,283 km²)  - Width 280 miles (455 km)  - Length 160 miles (255 km)  - % water 2. ... Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American businessman and philanthropist. ... David West is the name of several people, including David West (basketball), power forward for the NBAs New Orleans Hornets; David West, RSW, the watercolourist. ... // The Hershey Company, formerly known as Hershey Foods Corporation, manufactures three varieties of chocolate: Hersheys Milk Chocolate, what many people think of as just plain or normal Hersheys chocolate. ... Look up revenue in Wiktionary, the free dictionary. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... The United States dollar is the official currency of the United States. ... Profit margin is a measure of profitability. ... This article is about work. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Motto: (Out Of Many, One) (traditional) In God We Trust (1956 to date) Anthem: The Star-Spangled Banner Capital Washington D.C. Largest city New York City None at federal level (English de facto) Government Federal constitutional republic  - President George Walker Bush (R)  - Vice President Dick Cheney (R) Independence from... For other uses, see Chocolate (disambiguation). ... Hershey redirects here. ... Hershey’s Chocolate World (opened June 30, 1973) is the name of Hershey’s visitor center in Hershey, Pennsylvania, United States. ... Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American businessman and philanthropist. ... 1894 (MDCCCXCIV) was a common year starting on Monday (see link for calendar). ... The Lancaster Caramel Company of Lancaster, Pennsylvania was founded by Milton S. Hershey in 1886. ...


Hershey's is one of the oldest chocolate companies in the United States, and an American icon for its chocolate bar. The Hershey Company owns many other candy companies and is also affiliated with Hershey Entertainment and Resorts Company, which runs Hersheypark, a chocolate-themed amusement park; the Hershey Bears hockey team; Hersheypark Stadium; and the GIANT Center. For other uses, see Chocolate (disambiguation). ... Hershey Entertainment and Resorts (HE&R) is a privately owned company of the Hershey Trust Company. ... Hersheypark was opened in 1907 as a leisure park for the employees of the Hershey Chocolate Company, an American confectionery company. ... The Hershey Bears are a professional ice hockey team playing in the American Hockey League. ... Hersheypark Stadium is a stadium located in Hershey, Pennsylvania on the grounds of Hersheypark. ... The GIANT Center is a 10,500-seat multi-purpose arena in Hershey, Pennsylvania, near Harrisburg. ...

Contents

History

Outlet in Niagara Falls, Ontario.
Outlet in Niagara Falls, Ontario.
Hershey's Times Square Store, Times Square, New York City.

After completing an apprenticeship to a confectioner in 1876, Milton Snavely Hershey founded a candy shop in Philadelphia, which failed six years later.[9] After trying unsuccessfully to manufacture candy in New York, Hershey returned to Pennsylvania, where he founded the Lancaster Caramel Company, whose use of fresh milk in caramels proved successful.[10] In 1900, Hershey sold his caramel company for $1,000,000[11] (about US$24,000,000 in today's currency) and began to concentrate on chocolate manufacturing.[12] Image File history File linksMetadata Download high-resolution version (1200x1600, 814 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): The Hershey Company User:Chensiyuan Metadata This file contains additional information, probably added from the digital camera or... Image File history File linksMetadata Download high-resolution version (1200x1600, 814 KB) File links The following pages on the English Wikipedia link to this file (pages on other projects are not listed): The Hershey Company User:Chensiyuan Metadata This file contains additional information, probably added from the digital camera or... Skyline of Niagara Falls, Canada, as seen from Niagara Falls State Park across the river. ... Image File history File links Size of this preview: 430 × 599 pixelsFull resolution (2280 × 3178 pixel, file size: 2. ... Image File history File links Size of this preview: 430 × 599 pixelsFull resolution (2280 × 3178 pixel, file size: 2. ... For other uses, see Times Square (disambiguation). ... New York, New York and NYC redirect here. ... Apprenticeship is a system of training a new generation of skilled crafts practitioners, which is still popular in some countries. ... Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American businessman and philanthropist. ...


In 1903, Hershey began construction of a chocolate plant in his hometown, Derry Church, Pennsylvania, which later came to be known as Hershey, Pennsylvania.[13] The milk chocolate bars manufactured at this plant proved successful, and the company grew rapidly thereafter. Downtown Hershey with the signature Hershey Kiss lights and the Hershey Chocolate Factory in the background Hershey, Pennsylvania is an unincorporated community within Derry Township in Dauphin County in the U.S. commonwealth of Pennsylvania, 14 miles east of Harrisburg. ... Hershey redirects here. ...


In 1907, Hershey introduced a new candy, small flat-bottomed conical-shaped pieces of chocolate that he named "Hershey's Kisses". Initially they were individually wrapped by hand in squares of 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.[14] The product was trademarked three years later and went on to become one of the most successful and well-known products ever produced by the company. (In 2007, in a rare embrace of a commercial product on a first-class stamp, the USPS marked the one-hundredth anniversary of Hershey's by placing an image of one on its Love Stamp.) Other products introduced include Mr. Goodbar (1925), Hershey’s Syrup (1926), chocolate chips (1928), and the Krackel bar (1938). Hersheys Kisses filled with Caramel. ...


In 1940, over two years after the defeat of the CIO union, an affiliate of the American Federation of Labor successfully organized Hershey's workers under the leadership of John Shearer, who became the local's first president. Currently, Local 464 of the Bakery, Confectionary, Tobacco Workers, and Grain Millers represents the Hershey workers, and although it calls itself the "Chocolate Workers" it has successfully organized workers in other local industries. The Congress of Industrial Organizations, or CIO, was a federation of unions that organized industrial workers in the United States and Canada in 1935-1955. ... The American Federation of Labor (AFL) was one of the first federations of labor unions in the United States. ...


In 1970, the Chairman of the Board of Directors, Daniel Jones was arrested on charges of embezzling funds and funneling profits to the North Vietnamese government. At a preliminary hearing, it came to light that many of the documents had been forged by another member of the board, Joseph Tresnep, who later admitted under oath that he wanted to take his position as Chairman. In 1971, the charges were formally dropped although the reputation of the company was badly damaged. Jones was later replaced by Roger W. Hershey as Chairman of the Board. Daniel Jones may refer to: Daniel Jones (phonetician) (1881–1967), phonetician, author of The Pronunciation of English Daniel Jones (composer), (1912–1993) Welsh composer Daniel Jones (musician), Australian musician, member of Savage Garden Daniel Jones (documentarian), American film maker, founder of The Blanket Statement Productions Daniel Jones (born 1992 as...


In 2007, the Chocolate Manufacturers Association, whose members include Hershey, Nestlé, and Archer Daniels Midland, began to lobby the FDA to change the legal definition of chocolate to let them substitute partially hydrogenated vegetable oils for cocoa butter as well as artificial sweeteners and milk substitutes. Currently, the FDA does not allow a product to be referred to as "chocolate" if the product contains any of these ingredients. This article is about the company. ... The United States Food and Drug Administration is the government agency responsible for regulating food, dietary supplements, drugs, cosmetics, medical devices, biologics and blood products in the United States. ... Hydrogenation is a class of chemical reactions which result an addition of hydrogen (H2) usually to unsaturated organic compounds. ...


Manufacturing plants

The first plant outside Hershey, Pennsylvania opened on June 15, 1963 in Smiths Falls, Ontario, Canada.[15] Hershey redirects here. ... is the 166th day of the year (167th in leap years) in the Gregorian calendar. ... Year 1963 (MCMLXIII) was a common year starting on Tuesday (link will display full calendar) of the Gregorian calendar. ... Smiths Falls (2001 population 9,977) is a town in Ontario, Canada. ...


Another plant, covering two million square feet of manufacturing space (185,000 square meters), is the largest chocolate factory in the world;[16] the factory opened on May 22, 1965 in Oakdale, California.[17] These are the major factories for Hershey's, as tours are offered in the Smiths Falls, Ontario, Canada and Oakdale, CA plants. Tours were operated in the Pennsylvanian factory, but this no longer the case.[18] Visitors to Hershey, Pennsylvania can now experience Hershey's Chocolate World visitors' center and its simulated tour ride. is the 142nd day of the year (143rd in leap years) in the Gregorian calendar. ... Year 1965 (MCMLXV) was a common year starting on Friday (link will display full calendar) of the 1965 Gregorian calendar. ... Oakdale is a city located in Stanislaus County, California. ... Hershey’s Chocolate World (opened June 30, 1973) is the name of Hershey’s visitor center in Hershey, Pennsylvania, United States. ...


Hershey's has announced that their Smiths Falls, Ontario [19] and Oakdale, CA [20] plants will be closed by January 2008 and replaced by a facility in Mexico.


Other sales and acquisitions

In 1977, Hershey acquired Y&S Candies, founded in 1845 and now makers of Twizzlers licorice candies. In 1986, Hershey's began a brief foray into cough drops when it acquired the Luden's cough drops brand. By 2001, the brand had been sold to Pharmacia.[21] In 1988, Hershey's acquired the rights to manufacture and distribute many Cadbury-branded products in the United States. Cadbury creme eggs sold in the United States are imported by Hershey from Cadbury in the United Kingdom.[22] Twizzlers are a popular brand of licorice candy in the United States. ... Pharmacia was originally a government owned Swedish pharmaceutical company. ... Cadbury Schweppes plc is a confectionery and beverage company with its headquarters in Berkeley Square, London, England, UK. Cadbury Schweppes is currently the only major international confectionery manufacturer to produce Fairtrade or organic products, which it sells through its subsidiary company Green & Blacks. ... The yellow-orange interior simulates the yolk of an egg. ...


On July 25, 2002 it became public knowledge that the Hershey Trust Company was seeking to sell its controlling interest in the Hershey Foods Corporation. The value of Hershey stock skyrocketed 25% with over 19 million shares trading that day. However, over the next 55 days, widespread press coverage, as well as pressure from Pennsylvania Attorney General Mike Fisher, the Community of Hershey, and Dauphin County Orphans' Court Senior Judge Warren G. Morgan, led to the sale being abandoned. The seven Hershey Trustees who voted to sell Hershey Foods on September 17, 2002, for US$12.5 billion to the William Wrigley Jr. Company were removed by Attorney General Fisher and Judge Morgan. Ten of the 17 Trustees were forced to resign and four new members who lived locally were appointed. The former Pennsylvania Attorney General, LeRoy S. Zimmerman, became the new Chairman of the reconstituted Milton Hershey School Trustees. Mr. Zimmerman has publicly committed to having the Milton Hershey School Trust always retain its controlling interest in The Hershey Company. is the 206th day of the year (207th in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... Hershey Trust Company was created in 1905, as Milton S. Hershey was organizing to create the Milton Hershey School. ... is the 260th day of the year (261st in leap years) in the Gregorian calendar. ... Also see: 2002 (number). ... The Wm. ...


In December 2004, Hershey acquired the Mauna Loa Macadamia Nut Corp. from The Shansby Group.[23] The Mauna Loa Macadamia Nut Corporation is an American manufacturer of macadamia nuts, a subsidiary of The Hershey Company, and is the worlds largest processor of macadamia nuts. ...


In July 2005, Hershey acquired the Berkeley, California-based boutique chocolate-maker Scharffen Berger.[24] Berkeley is a city on the east shore of San Francisco Bay in northern California, in the United States. ... The company logo features an Ibex, chosen for its ability to navigate rough terrain. ...


In November 2005, Hershey acquired Joseph Schmidt Confections, the San Francisco-based chocolatier.


In November 2006, Hershey acquired Dagoba Organic Chocolate, a boutique chocolate maker based in Ashland, Oregon. Dagoba is an organic brand of high-quality chocolate, founded by Frederick Schilling and based in Ashland, Oregon. ...


Hershey's chocolate is available across the United States, due to their wide network of distribution.[25] They have three mega distribution centers, with modern technology and labor management systems.[26] A distribution center for a set of products is a warehouse or other specialized building with refrigeration or air conditioning which is stocked with products to be re-distributed to retailers or wholesalers. ...


Product recalls

  • In November 2006, the Smiths Falls production plant in Ontario, Canada temporarily shut down and several products were voluntarily recalled after concerns over salmonella contamination possibly found in soy lecithin within their production line. It is alleged that most of the products involved in the recall never made it to the retail level.[27][28]
  • In July 1998, a number of 100-gram milk chocolate bars were recalled because they may have contained traces of almonds not listed in the ingredients. The chocolate bars were sold for fund-raising events.[29]

Smiths Falls (2001 population 9,977) is a town in Ontario, Canada. ... Species S. enterica This article is about the bacteria. ... Lecithin is mostly a mixture of glycolipids, triglycerides, and phospholipids (e. ...

See also

Milton Snavely Hershey (September 13, 1857 – October 13, 1945) was an American businessman and philanthropist. ... // The Hershey Company, formerly known as Hershey Foods Corporation, manufactures three varieties of chocolate: Hersheys Milk Chocolate, what many people think of as just plain or normal Hersheys chocolate. ... Big Chocolate is a pejorative business term assigned to multi-national chocolate food producers, much akin to the terms assigned to Big Oil and Big Tobacco. According to Asamoah and Estis, Big Chocolate companies are Cadbury Schweppes; Mars, Incorporated; Nestlé; and The Hershey Company. ... H.B. Reese is the guy who created the Reeses Peanut Butter Cup. ... The Hershey Creamery Company makes Hersheys Ice Cream. ...

References

  • Brenner, Joël Glenn (2000). The Emperors of Chocolate: Inside the Secret World of Hershey & Mars. Broadway Books. ISBN 0-7679-0457-5. 
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  15. ^ Hershey's Canada (collections.ic.gc.ca) URL last accessed June 30, 2006.
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  19. ^ [1].
  20. ^ http://www.philly.com/philly/business/7915536.html
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  22. ^ Typetive review URL last accessed June 30, 2006.
  23. ^ (2007) Standard and Poor's 500 Guide. The McGraw-Hill Companies, Inc.. ISBN 0-07-147906-6. 
  24. ^ Sfgate.com URL last accessed June 30, 2006.
  25. ^ Fool.com. URL last accessed July 3, 2006.
  26. ^ The Logistics Intitute # Chris Malon, Hershey Foods URL last accessed July 3, 2006.
  27. ^ CBC News Article URL last accessed November 13, 2006.
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  29. ^ Health Canada Advisory URL last accessed November 13, 2006.

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 94th day of the year (95th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 3rd day of the year in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 184th day of the year (185th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 272nd day of the year (273rd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 181st day of the year (182nd in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 184th day of the year (185th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 184th day of the year (185th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 317th day of the year (318th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 324th day of the year (325th in leap years) in the Gregorian calendar. ... is the 317th day of the year (318th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

External links

v • d • e
Confectionery products of The Hershey Company
Chocolate-based: 5th Avenue • Almond Joy • Bar None (discontinued) • Cherry Blossom • Fast Break • Glosette • Heath bar • Hershey bar • Hershey Kiss • Hershey's Kissables • Hershey's Cookies 'n' Creme • Hershey's Pops • Hershey's S'mores • Kit Kat* • Krackel • Milk Duds • Mounds • Mr. Goodbar • Oh Henry!† • Rolo* • Reese's Peanut Butter Cup • ReeseSticks • Skor • Snack Barz • Take 5 (Also known as Max 5) • Whatchamacallit • Whoppers • York Peppermint Pattie • Swoops
Non-chocolate: Bubble Yum • Good & Plenty • Ice Breakers • Jolly Rancher • Koolerz • PayDay • Reese's Pieces • Twizzlers • ZAGNUT • ZERO
* This product is marketed in a number of countries, but is produced by the Hershey Company only within the United States.
† This product is marketed in both the United States and Canada, but is produced by the Hershey Company only within Canada.
Hershey also manufactures Cadbury-branded products in the U.S. and military chocolate for the U.S. armed forces.

  Results from FactBites:
 
About Hershey Entertainment & Resorts Company (1112 words)
HERSHEY LODGE is recognized as "Pennsylvania's Largest Convention Resort" with a total of 665 guest rooms and 100,000 square feet of function space.
HERSHEY Nursery was founded in 1905 and has grown steadily over the years by adhering to Milton Hershey's commitment to excellence.
HERSHEY Cleaners is the official laundry of THE HOTEL HERSHEY, HERSHEY LODGE, and The Milton Hershey School.
Legal Info - The Hershey Company (1198 words)
Hershey does not warrant that the functional aspects of Hershey's web sites will be uninterrupted or error free or that this website or the server that makes it available are free of viruses or other harmful components.
However, The Hershey Company reserves the right to refuse any request, for any reason we consider not to be in the best interest of our web sites and their users.
Hershey may revise these terms from time to time by updating or revising this posting, with the revised terms taking effect as of the date of its posting.
  More results at FactBites »


 

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