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Stock impact report

Hershey to buy healthier snacks maker LesserEvil [Yahoo! Finance]

J & J Snack Foods Corp. (JJSF) 
Last j & j snack foods corp. earnings: 4/27 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: jsoftware.com
Company Research Source: Yahoo! Finance
Hershey is buying LesserEvil , a maker of organic snacks that prioritize bold flavors with better-for-you ingredients. The purchase price was not disclosed, but The Wall Street Journal , which first reported the deal, said it was roughly $750 million. LesserEvil makes popcorn, puffs, curls and other snacks using healthier ingredients. Many of its products are made with coconut oil or avocado oil. The acquisition furthers Hershey's push into salty snacks by adding another fast-growing brand to its portfolio while increasing the snacking options it can provide to consumers. Hershey was built on its iconic sweets including Kisses, Reese's and Twizzlers. In recent years, the Pennsylvania-based company has aggressively moved beyond its signature confections by building a presence in salty snacks. Hershey purchased Amplify , the parent company of popcorn brand SkinnyPop, for $1.6 billion in 2017, the largest deal in the company's history. It also acquired Pirate's Booty cheese pu Show less Read more
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