The Hershey Company is a leading producer of chocolate and other confectionery products in the United States. It was founded in 1894 by Milton Hershey, who started the business by producing caramels in Lancaster, Pennsylvania. Hershey’s success came from his ability to mass-produce chocolate at a low cost, which made it affordable for the general public.
Corporate History
The Hershey Company was incorporated in 1927, and it has since become one of the largest chocolate manufacturers in the world. The company’s success can be attributed to its innovative marketing strategies and product development. Hershey’s Kisses, for example, were introduced in 1907 and have become one of the company’s most popular products.
Business Operations
The Hershey Company operates in two segments: North America and International. Its North America segment includes the United States, Canada, and Mexico, while its International segment includes markets in Asia, Europe, and Latin America. The company’s product portfolio includes chocolate bars, chocolate chips, baking products, and other confectionery items.
- Hershey’s is committed to sustainability and has implemented various initiatives to reduce its environmental footprint.
- The company has also invested in research and development to create new products that meet changing consumer preferences.
Conclusion
The Hershey Company has a rich history and has become a household name in the chocolate industry. Its commitment to sustainability and innovation has helped it maintain its position as a leading producer of chocolate and other confectionery products. With a strong focus on the North American and International markets, Hershey’s is poised for continued growth and success in the years to come.