Hershey to acquire two manufacturing plants from Weaver Popcorn Manufacturing

The Hershey Company has entered into a definitive agreement to acquire two manufacturing plants from Weaver Popcorn Manufacturing, a leader in popcorn production and co-packing, and a co-manufacturer of Hershey’s SkinnyPop brand. Through the deal, Hershey will acquire Weaver’s operations in Bethlehem, Pennsylvania and Whitestown, Indiana. The acquisition is designed to enable the company to sustain strong growth for its SkinnyPop brand by strengthening internal supply chain capabilities in combination with its network of strategic suppliers and co-manufacturers. The acquisition is subject to customary regulatory approvals and will be financed with cash on hand, as well as short-term borrowings.