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Hershey's International

Hershey hopes to expand China market with SGM purchase

The chocolate company wants to ensure long-term growth with the purchase of Shanghai Golden Monkey Food Joint Stock Co.

Kelsey Ott

September 29, 2014

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In an effort to get a leg up in China’s candy and snack market, The Hershey Co. is purchasing Shanghai Golden Monkey Food Joint Stock Co., a confectionery company based in Shanghai.

Hershey acquires majority share of Shanghai Golden Monkey Food Co.

Candy maker pays about $584 million for Chinese candy company’s shares.

Valerie King

January 8, 2014

No Comments

The Hershey Co. has acquired 80 percent of Shanghai Golden Monkey Food Joint Stock Co., Ltd. (SGM), a privately held confectionery company based in Shanghai, China.

Candy Funhouse seeks chief candy officer

Mars Wrigley to launch 3 Halloween treats

Bazooka Candy Brands announces gummy innovation launching at Sweets & Snacks Expo

State of the Industry: Non-chocolate novelty sees double-digit growth

State of the Industry 2022: Innovation spurs sales increases for truffles, filled chocolates

ofi: 6 trends for chocolate, confectionery and spreads

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Events

August 30, 2022

Understanding the Better-for-You Candy & Confectionery Market

People want their treats, but don’t always want all of the dietary impact resulting from indulgent decisions. As a result, the popularity of low-sugar and no-sugar candy and confectionery products continues to grow. But who is buying these products, where are they buying them, and why?

May 8, 2023

Food Safety Summit

The 25th annual Food Safety Summit is the industry's premier event connecting food safety professionals throughout the supply chain with timely, actionable information and practical solutions to improve food safety! Learn about the most recent outbreaks, contaminants, and regulations from leading subject matter experts. Evaluate the most effective solutions with interactive exhibits from leading suppliers. Connect and network with a community of food safety professionals throughout the supply chain.

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Poll

Does your company plan to develop or introduce products over the next year that fit any of the following trends?

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Products

Natural Food Flavors and Colorants, 2nd Edition

Although many foods are appealing, and even perceived as natural, in spite of containing synthetic additives, consumer increasingly prefer food products which are fully natural.

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